sec.41Entitlement to final refund amount

sec.41 Entitlement to final refund amount

This section applies if the total amount of the previous liabilities of the betting operator for the final period is more than the adjusted betting tax amount for the betting operator for the final period. The betting operator is entitled to a refund of the amount (the final refund amount ) of the difference between— the total amount of the previous liabilities of the betting operator for the final period; and the adjusted betting tax amount for the betting operator for the final period. However, the betting operator is not entitled to a refund under subsection (2) more than 5 years after the assessment of the betting operator’s final liability for the final period is made. Subsection (2) is subject to section 56 . This section does not apply in relation to a reassessment of the betting operator’s final liability for the final period. See the Taxation Administration Act 2001 , part 4 , division 2 in relation to entitlement to refunds on reassessments. This section applies despite the Taxation Administration Act 2001 , section 36 . (sec.41-ssec.1) This section applies if the total amount of the previous liabilities of the betting operator for the final period is more than the adjusted betting tax amount for the betting operator for the final period. (sec.41-ssec.2) The betting operator is entitled to a refund of the amount (the final refund amount ) of the difference between— the total amount of the previous liabilities of the betting operator for the final period; and the adjusted betting tax amount for the betting operator for the final period. (sec.41-ssec.3) However, the betting operator is not entitled to a refund under subsection (2) more than 5 years after the assessment of the betting operator’s final liability for the final period is made. (sec.41-ssec.4) Subsection (2) is subject to section 56 . (sec.41-ssec.5) This section does not apply in relation to a reassessment of the betting operator’s final liability for the final period. See the Taxation Administration Act 2001 , part 4 , division 2 in relation to entitlement to refunds on reassessments. (sec.41-ssec.6) This section applies despite the Taxation Administration Act 2001 , section 36 .

• (a) the total amount of the previous liabilities of the betting operator for the final period; and
• (b) the adjusted betting tax amount for the betting operator for the final period.