INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1AAA - Payment of RPS, PAYE and PPS deductions to Commissioner  

Subdivision D - Small remitters  

SECTION 220AATA   COMMISSIONER MUST BE NOTIFIED OF AMOUNTS  

220AATA(1)   [Obligation to notify]  

A small remitter that must pay an amount to the Commissioner under section 220AAR must notify the Commissioner of the amount on or before the day on which the amount is due to be paid (regardless of whether it is paid).

220AATA(2)   [Liability to failure to notify penalty]  

If the small remitter fails to do so, or notifies the Commissioner of an amount that is less than the correct amount, the small remitter is liable to pay the failure to notify penalty on the amount, or on the amount of the shortfall, for each day in the period that:

(a) started at the beginning of the day by which the amount was due to be paid; and

(b) finishes at the end of the day before the Commissioner receives notification from the small remitter, or otherwise becomes aware, of the correct amount.

Note:

The failure to notify penalty is worked out under Division 2 of Part IIA of the Taxation Administration Act 1953 .

220AATA(3)   [Approved form]  

The notification must be in a form approved in writing by the Commissioner, unless:

(a) it is by way of a statement under section 220AAT accompanying a payment; and

(b) the Commissioner requires statements under that section to be in a particular form, contain particular information or be given in a particular manner; and

(c) the statement meets those requirements.