Government Business Enterprises Act 1995
72Estimate of income tax equivalent
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72 Estimate of income tax equivalent
[Section 72 Repealed by No. 84 of 1999, s. 13, Applied:01 Jul 2000]
(1) Not less than 30 days before the end of a financial year, a non-prescribed Government Business Enterprise and a non-prescribed subsidiary must provide to the Treasurer an estimate of the amount of income tax equivalent that is likely to be payable in respect of that financial year.
(2) The estimate is to be in the form and contain the information required by the Treasurer's Instructions.
(3) [Section 72 Subsection (3) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] The Treasurer may direct the non-prescribed Government Business Enterprise or the non-prescribed subsidiary to pay the whole or part of the amount estimated under subsection (1) into the Public Account at the times, and in the manner, specified in the direction.