Section 681AG — Income Tax Act 2007: Aggregation and apportionment of payments

Aggregation and apportionment of payments 681AG 1 This section applies for the purposes of section 681AE.

2 If more than one payment is made for the same period, the payments must be taken together.

3 If payments are made for periods which overlap—

a the payments must be apportioned, and b the apportioned payments which belong to the common part of the overlapping periods must be taken together.

4 References in subsections (2) and (3) to payments include references to parts of payments which under section 681AF are treated as if made later than they were made.