Taxation Administration Act 1953
Note: See section 3AA .Chapter 2 - Collection, recovery and administration of income tax
If Division 12 requires an entity to withhold an amount from a payment, the entity must do so when making the payment.
An entity is required to withhold an amount under section 12-145 when an investor becomes presently entitled to income of a unit trust.
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.
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.