Taxation Administration Act 1953
SCHEDULE 1
-
COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
(a) under Subdivision
16-B
in this Schedule (obligation to pay withheld amounts to the Commissioner); and
(b) under Division
268
in this Schedule (obligation to pay estimates); and
(c) under Part
3
of the
Superannuation Guarantee (Administration) Act 1992
(obligation to pay superannuation guarantee charge); and
(d) under Divisions
33
and
35
of the GST Act in respect of assessed net amounts; and
(e) under Division
162
of the GST Act in respect of GST instalments.
(a) meets those obligations; or
(b) goes promptly into voluntary administration or restructuring under the
Corporations Act 2001
or into liquidation.
Note: See section 3AA .
Chapter 4 - Generic assessment, collection and recovery rules
PART 4-15
-
COLLECTION AND RECOVERY OF TAX-RELATED LIABILITIES AND OTHER AMOUNTS
Division 269
-
Penalties for directors of non-complying companies
Guide to Division 269
SECTION 269-1
WHAT THIS DIVISION IS ABOUT
This Division deals with obligations of a company:
The directors of a company have a duty to ensure that the company either:
The directors ' duties are enforced by penalties.
Note:
The duties this Division imposes on the directors of the company are in addition to the similar duties imposed on the public officer of the company. See subsection 252(1) of the Income Tax Assessment Act 1936 .
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