sec.31Entitlement to annual refund amount

### sec.31 Entitlement to annual refund amount This section applies if the employer’s periodic liability for periodic return periods in a financial year is greater than the employer’s annual payroll tax amount for the year. The employer is entitled to a refund of the amount (the annual refund amount ) of the difference between the periodic liability and the annual payroll tax amount. Subsection (2) is subject to section 83 . However, the employer is not entitled to a refund of the amount more than 5 years after the making of the assessment of the employer’s annual liability for the year. This section does not apply in relation to a reassessment of the employer’s annual liability. Entitlement to refunds on reassessments is provided for in the Administration Act , part 4 , division 2 . s 31 prev s 31 amd 1995 No. 57 s 4 sch 1 om 2004 No. 46 s 27 pres s 31 ins 2004 No. 46 s 17 amd 2009 No. 19 s 73 (sec.31-ssec.1) This section applies if the employer’s periodic liability for periodic return periods in a financial year is greater than the employer’s annual payroll tax amount for the year. (sec.31-ssec.2) The employer is entitled to a refund of the amount (the annual refund amount ) of the difference between the periodic liability and the annual payroll tax amount. (sec.31-ssec.3) Subsection (2) is subject to section 83 . (sec.31-ssec.4) However, the employer is not entitled to a refund of the amount more than 5 years after the making of the assessment of the employer’s annual liability for the year. (sec.31-ssec.5) This section does not apply in relation to a reassessment of the employer’s annual liability. Entitlement to refunds on reassessments is provided for in the Administration Act , part 4 , division 2 .