Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 14 - Benefits, gains and taxable supplies for which amounts must be paid to the Commissioner  

Subdivision 14-B - Accruing gains  

SECTION 14-60   INVESTMENT BODY MAY RECOVER TFN WITHHOLDING TAX FROM INVESTOR  

14-60(1)  
The *investment body may recover from the *investor as a debt any of the *TFN withholding tax that it pays.

14-60(2)  
The *investment body is entitled to set off an amount that it can recover from the *investor under this section against:


(a) a debt due by it to the investor; or


(b) an amount that is accruing to the investor, or stands to the investor ' s credit, in respect of the *Part VA investment, even if the amount is not yet due.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.