Commonwealth Consolidated Acts Commonwealth Consolidated ActsPart IV of the Income Tax Assessment Act 1936 , Division 5 of the Income Tax Assessment Act 1997 , and Part IVC of, and Part 4 - 15 in Schedule 1 to, the Taxation Administration Act 1953 , apply, so far as they can be applied and subject to this Part, to a person's FS assessment debt as if it were income tax assessed to be payable by a taxpayer by an assessment made under Part IV of the Income Tax Assessment Act 1936 .
Note: FS assessment debts are also collected through the Pay As You Go (PAYG) system of collecting income tax: see Parts 2 - 1, 2 - 5 and 2 - 10 in Schedule 1 to the Taxation Administration Act 1953 .