Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
If you are liable to pay an instalment for a period (even if it is a nil amount), you must notify the Commissioner of the amount of your *instalment income for the period. 45-20(2)
You must notify the Commissioner in the *approved form and on or before the day when the instalment is due (regardless of whether it is paid). 45-20(2A)
If you are a *monthly payer for the period, you must give the notification electronically, unless the Commissioner otherwise approves.
The notification is given electronically if it is transmitted to the Commissioner in an electronic format approved by the Commissioner.
Subsection (1) does not apply to:
(a) a quarterly instalment worked out under section 45-112 (on the basis of GDP-adjusted notional tax or estimated benchmark tax); or
(b) an annual instalment, unless it is worked out under paragraph 45-115(1)(a) (based on the Commissioner ' s rate and your instalment income for the income year).
Note: See section 3AA .
Chapter 2 - Collection, recovery and administration of income tax
PART 2-10
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PAY AS YOU GO (PAYG) INSTALMENTS
Division 45
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Instalment payments
Subdivision 45-A
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Basic rules
SECTION 45-20
INFORMATION TO BE GIVEN TO THE COMMISSIONER BY CERTAIN PAYERS
45-20(1)
If you are liable to pay an instalment for a period (even if it is a nil amount), you must notify the Commissioner of the amount of your *instalment income for the period. 45-20(2)
You must notify the Commissioner in the *approved form and on or before the day when the instalment is due (regardless of whether it is paid). 45-20(2A)
If you are a *monthly payer for the period, you must give the notification electronically, unless the Commissioner otherwise approves.
Note:
A penalty applies if you fail to give the notification electronically as required - see section 288-10 .
45-20(2B)
The notification is given electronically if it is transmitted to the Commissioner in an electronic format approved by the Commissioner.
Exceptions
45-20(3)
Subsection (1) does not apply to:
(a) a quarterly instalment worked out under section 45-112 (on the basis of GDP-adjusted notional tax or estimated benchmark tax); or
(b) an annual instalment, unless it is worked out under paragraph 45-115(1)(a) (based on the Commissioner ' s rate and your instalment income for the income year).
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