Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to this Part, Part IV, and Division 1 of Part VI, of the Income Tax Assessment Act 1936 ( Assessment Act ), and Part 4 - 15 in Schedule 1 to the Taxation Administration Act 1953 , apply, so far as they are capable of application, in relation to an HEC assessment debt of a person as if it were income tax assessed to be payable by a taxpayer by an assessment made under Part IV of the Assessment Act.
Note: Part 4 - 15 in Schedule 1 to the Taxation Administration Act 1953 deals with collection and recovery of amounts on and after 1 July 2000, replacing some provisions in Division 1 of Part VI of the Income Tax Assessment Act 1936 .
(2A) Part 4 - 25 in Schedule 1 to the Taxation Administration Act 1953 has effect as if:
(a) any HEC assessment debt of a person were income tax payable by the person in respect of the year of income in respect of which the assessment of that debt was made; and
(b) Chapters 4, 4A, 4B, 5, 5A and 5B of this Act were income tax laws.
(2B) Subsection (2A) does not have the effect of making a person liable to a penalty for any act or omission that happened before the commencement of this subsection.
(3) Part 2 - 5 (other than section 12 - 55 and Subdivisions 12 - E, 12 - F and 12 - G) in Schedule 1 to the Taxation Administration Act 1953 applies, so far as it is capable of application, in relation to the collection by instalments of an HEC assessment debt of a person as if the HEC assessment debt were income tax.
(5) Division 45 in Schedule 1 to the Taxation Administration Act 1953 applies, so far as it is capable of application, in relation to the collection of an HEC assessment debt of a person as if the HEC assessment debt were income tax.