TAXATION ADMINISTRATION ACT 1953
Note: See section 3AA.Chapter 2 - Collection, recovery and administration of income tax
An entity that must pay an amount to the Commissioner under:
(a) subsection 16-70(1) (about amounts withheld under Division 12); or
(aaa) Division 12A (about deemed payments by AMITs); or
(aa) Division 13 (about payments in respect of alienated personal services payments); or
(b) Subdivision 14-A, 14-B, 14-C or 14-D (about payments in respect of non-cash benefits or capital proceeds);
must apply to register with the Commissioner.
The entity must apply in the *approved form by the day on which the entity is first required:
(a) to withhold an amount under Division 12; or
(b) to pay an amount to the Commissioner under Division 12A or 13 or Subdivision 14-A, 14-B, 14-C or 14-D.
However, the Commissioner may allow a longer period for applying.
An entity that contravenes this section is liable to an administrative penalty of 5 penalty units.
See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
Division 298 contains machinery provisions for administrative and civil penalties.