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Taxation Administration Act 1953
18‑5 No credit for refunded amount18‑5 No credit for refunded amount
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#### 18‑5 No credit for refunded amount
An entity is not entitled to a credit under this Subdivision for an \*amount withheld from a \*withholding payment to the extent that the amount must be refunded under Subdivision 18‑B.
> Note: See also Subdivision 18‑D (PAYG withholding non‑compliance tax, which can reverse the economic benefit of a credit of a director, or an associate of a director, of a company that does not comply with its obligations under subsection 16‑70(1)).