(1) For the purposes of this Part, a company's liability under a remittance provision to pay to the Commissioner of Taxation an amount equal to a deduction made by the company, after 1 July 1993, from a payment:
(a) is taken to be a debt; and
(b) is taken to have been incurred when the deduction was made.
(2) In this section:
"remittance provision" means any of the following former provisions of the Income Tax Assessment Act 1936 :
(aa) section 220AAE, 220AAM or 220AAR;
(a) section 221F (except subsection 221F(12)) or section 221G (except subsection 221G(4A));
(b) subsection 221YHDC(2);
(c) subsection 221YHZD(1) or (1A);
(d) subsection 221YN(1);
or any of the provisions of Subdivision 16-B in Schedule 1 to the Taxation Administration Act 1953 .
(3) This section is not intended to limit the generality of a reference in this Act to a debt or to incurring a debt.