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(b) the Commissioner has not withdrawn your instalment rate before the end of that quarter, month or year.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.