Section EZ 30 — Income Tax Act 2007: Base premium for 1998–99 premium year under Accident Insurance Act 1998

EZ 30 Base premium for 1998–99 premium year under Accident Insurance Act 1998 Discount payment date (1) An amount of base premium for the 1998–99 premium year that is paid on or before the discount payment date is treated as expenditure in the tax year in which the discount payment date falls if the discount payment date is before the date on the invoice that specifies when payment is due. This subsection overrides section EF 3(1) (Accident compensation levies and premiums). Monthly instalment plan (2) Interest payable on a base premium for the 1998–99 premium year under a monthly instalment plan is treated as being payable on the date that the interest is applied under regulation 8 of the Accident Insurance (Payment of Base Premiums) Regulations 1999. Some definitions (3) In this section, base premium for the 1998–99 premium year, discount payment date , and monthly instalment plan have the meanings given to them in the Accident Insurance (Payment of Base Premiums) Regulations 1999. Defined in this Act: amount , base premium for the 1998–99 premium year , discount payment date , interest , monthly instalment plan , pay , tax year , Compare: 2004 No 35 s EZ 28