TAXATION ADMINISTRATION ACT 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 5 - Administration  

PART 5-30 - PAYMENT, ABN AND IDENTIFICATION VERIFICATION SYSTEM  

Division 405 - Transaction reporting by purchasers  

SECTION 405-5   PAYMENTS TO WHICH THIS DIVISION APPLIES  

405-5(1)  
This Division applies to any payments made, or liable to be made, for a *supply where the supply is specified in regulations made for the purpose of this section.

405-5(2)  
A payment is liable to be made if the obligation to make the payment is notified in an *invoice.

405-5(3)  
Payments to which this Division applies are called Division 405 payments .

405-5(4)  
Without limiting the ways in which the regulations may specify a *supply, the regulations may specify a supply by reference to:


(a) the goods or services supplied; or


(b) the supplier; or


(c) the purchaser.




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