Paragraph 570
(1)
Amend section 686 (payments received after deduction of tax) as follows.
(2)
In subsection (1)—
(a)
for “Income tax deducted under either of the following sections” substitute “ In accordance with section 848 of ITA 2007, a sum representing income tax deducted under Chapter 6 of Part 15 of that Act ”, and
(b)
omit the words after “recipient”.
(3)
In subsection (2) for “section 687(2) of that Act” substitute “ section 494(3) of ITA 2007 ”.