Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
An entity that must pay an amount to the Commissioner under:
(a) subsection 16-70(1) (about amounts withheld under Division 12 ); or
(aaa) Division 12A (about deemed payments by AMITs); or
(aa) Division 13 (about payments in respect of alienated personal services payments); or
(b) Subdivision 14-A , 14-B , 14-C or 14-D (about payments in respect of non-cash benefits or capital proceeds);
The entity must apply in the *approved form by the day on which the entity is first required:
(a) to withhold an amount under Division 12 ; or
(b) to pay an amount to the Commissioner under Division 12A or 13 or Subdivision 14-A , 14-B , 14-C or 14-D .
An entity that contravenes this section is liable to an administrative penalty of 5 penalty units.
Note: See section 3AA .
Chapter 2 - Collection, recovery and administration of income tax
PART 2-5
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PAY AS YOU GO (PAYG) WITHHOLDING
Division 16
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Payer
'
s obligations and rights
Subdivision 16-BA
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To be registered
Registration of withholders
SECTION 16-140
WITHHOLDERS MUST BE REGISTERED
16-140(1)
An entity that must pay an amount to the Commissioner under:
(a) subsection 16-70(1) (about amounts withheld under Division 12 ); or
(aaa) Division 12A (about deemed payments by AMITs); or
(aa) Division 13 (about payments in respect of alienated personal services payments); or
(b) Subdivision 14-A , 14-B , 14-C or 14-D (about payments in respect of non-cash benefits or capital proceeds);
must apply to register with the Commissioner.
16-140(2)
The entity must apply in the *approved form by the day on which the entity is first required:
(a) to withhold an amount under Division 12 ; or
(b) to pay an amount to the Commissioner under Division 12A or 13 or Subdivision 14-A , 14-B , 14-C or 14-D .
However, the Commissioner may allow a longer period for applying.
16-140(3)
An entity that contravenes this section is liable to an administrative penalty of 5 penalty units.
Note 1:
See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
Note 2:
Division 298 contains machinery provisions for administrative and civil penalties.
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