Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 3 - Collection, recovery and administration of other taxes  

PART 3-15 - MAJOR BANK LEVY  

Division 115 - General provisions relating to the major bank levy  

SECTION 115-5   RETURNS  

115-5(1)  
An *ADI that is liable to pay levy for a *quarter under the Major Bank Levy Act 2017 must give to the Commissioner a return relating to the levy, in the *approved form.

115-5(2)  
The return must be given on or before the * MBL reporting day for the *quarter.

115-5(3)  
The MBL reporting day for the *quarter is the day by which the *ADI is required to give to *APRA a report, in accordance with a standard determined by APRA under section 13 of the Financial Sector (Collection of Data) Act 2001 , that:


(a) relates to the *quarter; and


(b) states the total liabilities amount (within the meaning of the Major Bank Levy Act 2017 ) for the quarter in relation to the ADI.


 

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