142ACNew due date for payment of terminal tax by certain individuals

1. This section applies when—

2. an individual (person A) has, or reasonably expects that they may have, for a period or periods in a tax year, whether the period or periods consist of some or all of the days in the tax year,—
   1. a tax credit under section LC 13 of the Income Tax Act 2007:
   2. an entitlement to a tax credit under the family scheme; and
3. person A has met their obligations, if any, under sections 22F(1) and 41 for the tax year within the time allowed; and
4. person A’s pre-populated account for the tax year cannot be finalised under section 22H until the Commissioner receives information from another individual who is or was the spouse, civil union partner, or de facto partner of person A; and
5. person A’s pre-populated account for the tax year is finalised under section 22H on or after the 30th day before their terminal tax date for the tax year; and
6. person A has terminal tax due for the tax year.

7. The assessment that person A would be treated as having made under section 22I(1) in the absence of this section is treated, for the purposes of section 142AB, as if it were a new assessment of tax for person A made by the Commissioner.