Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 2-5
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PAY AS YOU GO (PAYG) WITHHOLDING
Division 16
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Payer
'
s obligations and rights
Subdivision 16-A
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To withhold
When to withhold
SECTION 16-5
16-5
WHEN TO WITHHOLD AN AMOUNT
If Division 12 requires an entity to withhold an amount from a payment, the entity must do so when making the payment.
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Hide history noteNote: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxIf Division 12 requires an entity to withhold an amount from a payment, the entity must do so when making the payment.
Note 1:
An entity is required to withhold an amount under section 12-145 when an investor becomes presently entitled to income of a unit trust.
Note 1A:
A trustee of a closely held trust is required to withhold an amount under section 12-180 when a beneficiary is presently entitled to unpaid income of the trust.
Note 2:
If section 12-215 , 12-250 or 12-285 , or subsection 12-390(4) , requires an entity to withhold an amount from a payment received by the entity, the entity must do so at the time required by that provision.
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