Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
The Commissioner may:
(a) by giving you written notice, withdraw your instalment rate; or
(b) by legislative instrument, withdraw the instalment rate of a class of entities that includes you.
If the Commissioner withdraws your instalment rate and later gives you another one:
(a) you are again liable to pay instalments in accordance with section 45-50 ; and
(b) this Division has effect as if the Commissioner has given you an instalment rate for the first time.
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-B
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When instalments are due
SECTION 45-90
COMMISSIONER MAY WITHDRAW INSTALMENT RATE
45-90(1)
The Commissioner may:
(a) by giving you written notice, withdraw your instalment rate; or
(b) by legislative instrument, withdraw the instalment rate of a class of entities that includes you.
Note:
If the Commissioner does so, you cease to be liable to pay instalments (even if you have chosen a rate under section 45-205 ). See subsection 45-50(4) .
45-90(2)
If the Commissioner withdraws your instalment rate and later gives you another one:
(a) you are again liable to pay instalments in accordance with section 45-50 ; and
(b) this Division has effect as if the Commissioner has given you an instalment rate for the first time.
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