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 16 - Payer ' s obligations and rights  

Subdivision 16-A - 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.
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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