Income Tax Assessment Act 1936
PART III - LIABILITY TO TAXATION Division 11C - Payments in respect of mining operations on Indigenous land
SECTION 128V LIABILITY TO MINING WITHHOLDING TAX 128V(1) [Imposition of withholding tax]
Where a mining payment is made to, or applied for the benefit of, a person, that person is liable to pay income tax on the amount of the mining payment at the rate declared by the Parliament for the purposes of this section.128V(2) [Withholding tax in addition to other tax]
Income tax payable by a person in accordance with this section is in addition to any other income tax payable by that person upon amounts that are not mining payments.
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