Taxation Administration Act 1953
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View history noteSch 1 inserted by No 178 of 1999 (as amended by No 179 of 1999 and No 44 of 2000).
Note: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxCh 2 title inserted by No 73 of 2006 , s 3 and Sch 5 item 40, effective 1 July 2006.
Subdiv 16-C applies to the financial year starting on 1 July 2000 and to later financial years.
SECTION 16-152 ANNUAL REPORTS - WITHHOLDING PAYMENTS COVERED BY SECTION 12-175
Reports about withholding payments
16-152(1)
A trustee must give a report to the Commissioner in the * approved form if the trustee made any * withholding payments covered by section 12-175 or 12-180 (about payments from the income of certain closely held trusts) during an income year.
16-152(2)
The trustee must give the report under subsection (1) to the Commissioner:
(a) not later than 3 months after the end of the income year; or
(b) within such further period (if any) as the Commissioner allows.
Reports about trust distributions
16-152(3)
A trustee must give a report to the Commissioner in the * approved form if the trustee would be taken to have made any * withholding payments covered by section 12-175 or 12-180 during an income year if the relevant beneficiary had not * quoted the beneficiary ' s * tax file number as mentioned in paragraph 12-175(2)(a) or 12-180(2)(a) .
Note:
The effect of subsection (3) is that the trustee must report amounts distributed to beneficiaries even if the trustee was not required to withhold from those distributions.
16-152(4)
The trustee must give the report under subsection (3) to the Commissioner:
(a) by the end of the day on which the trustee lodges the trust ' s * income tax return for the income year; or
(b) within such further period (if any) as the Commissioner allows.
Miscellaneous
16-152(5)
Subsections 16-153(5) , (6) and (7) apply to this section in the same way as they apply to section 16-153 .
S 16-152 inserted by No 75 of 2010 , s 3 and Sch 2 item 12, applicable to income of a trust of an income year starting on or after 1 July 2010.
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