Taxation Administration Act 1953
SCHEDULE 1
-
COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
In working out whether an entity has paid an amount to another entity, and when the payment is made, the amount is taken to have been paid to the other entity when the first entity applies or deals with the amount in any way on the other ' s behalf or as the other directs. 425-20(2)
An amount is taken to be payable by an entity to another entity if the first entity is required to apply or deal with it in any way on the other ' s behalf or as the other directs.
Note: See section 3AA .
Chapter 5 - Administration
PART 5-30
-
PAYMENT, ABN AND IDENTIFICATION VERIFICATION SYSTEM
Division 425
-
Other matters
SECTION 425-20
CONSTRUCTIVE PAYMENT
425-20(1)
In working out whether an entity has paid an amount to another entity, and when the payment is made, the amount is taken to have been paid to the other entity when the first entity applies or deals with the amount in any way on the other ' s behalf or as the other directs. 425-20(2)
An amount is taken to be payable by an entity to another entity if the first entity is required to apply or deal with it in any way on the other ' s behalf or as the other directs.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.