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 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 16 - Payer ' s obligations and rights  

Subdivision 16-A - To withhold  

When to withhold

SECTION 16-20   PAYER DISCHARGED FROM LIABILITY TO RECIPIENT FOR AMOUNT WITHHELD  

16-20(1)    

An entity that:

(a) withholds an amount as required by Division 12 ; or

(b) pays to the Commissioner an amount as required by Division 12A , 13 or 14 ;

is discharged from all liability to pay or account for that amount to any entity except the Commissioner.

Note:

The entity may be required to refund the amount in some circumstances. See Subdivision 18-B .

16-20(2)    

An entity is discharged from all liability to pay so much of the total amount payable to * acquire a * CGT asset as is equal to any amount the entity pays to the Commissioner under Subdivision 14-D in relation to the acquisition.