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 2-10 - PAY AS YOU GO (PAYG) INSTALMENTS  

Division 45 - Instalment payments  

Subdivision 45-B - When instalments are due  

SECTION 45-50   LIABILITY TO PAY INSTALMENTS  

45-50(1)    
Subject to subsection (4), you are liable to pay an instalment for an *instalment quarter in an income year if, at the end of that instalment quarter, you are:

(a) a *quarterly payer who pays 4 instalments annually on the basis of GDP-adjusted notional tax; or

(b) a *quarterly payer who pays on the basis of instalment income.

45-50(2)    
Subject to subsection (4), you are liable to pay an instalment for an *instalment quarter that is the third or fourth instalment quarter in an income year if, at the end of that quarter, you are a *quarterly payer who pays 2 instalments annually on the basis of GDP-adjusted notional tax.

45-50(2A)    

Subject to subsection (4), you are liable to pay an instalment for an *instalment month if, at the end of that month, you are a *monthly payer.

45-50(3)    
Subject to subsection (4), you are liable to pay an instalment for an income year if, at the end of the *starting instalment quarter in that year, you are an *annual payer.

45-50(4)    

You are only liable to pay an instalment for an *instalment quarter, an *instalment month or an income year if:

(a) the Commissioner has given you an instalment rate; and

(b) the Commissioner has not withdrawn your instalment rate before the end of that quarter, month or year.