14‑65 Application of rules in Division 114‑65 Application of rules in Division 18

#### 14‑65 Application of rules in Division 18 These provisions: (a) subsection 18‑15(1) and sections 18‑20 and 18‑25 (about credits for amounts withheld from withholding payments); and (b) section 18‑80 (about refunds when exemption declaration not given); apply as if any of the \*TFN withholding tax that has been paid were an amount withheld under subsection 12‑140(1) from a \*withholding payment covered by that subsection and made to the \*investor during: (c) unless the \*investor has adopted (under section 18 of the Income Tax Assessment Act 1936) an accounting period ending on a day other than 30 June—the income year referred to in paragraph 14‑55(1)(a); or (d) if the investor has adopted such an accounting period—the income year in which the TFN withholding tax is paid. > Note: Unless the investor has adopted such an accounting period, the credit under section 18‑15, 18‑20 or 18‑25 will be in respect of the income year before the one in which the TFN withholding tax is paid.