Taxation Administration Act 1953

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

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 18 - Recipient ' s entitlements and obligations  

Subdivision 18-D - Directors etc. of non-complying companies  

Credits for later compliance

SECTION 18-180   EFFECT OF EARLIER CREDITS  

18-180(1)  
A reference in section 18-170 or 18-175 , or subsection (2) of this section, to the amount of the * PAYG withholding non-compliance tax is treated as being a reference to:


(a) the amount of the PAYG withholding non-compliance tax; less

Note:

The amount of the PAYG withholding non-compliance tax may, in a case to which section 18-125 applies, be affected by reductions under section 18-130 .


(b) the total of any credits to which the individual is entitled in relation to the amount of PAYG withholding non-compliance tax because of notices given to the individual under section 18-170 or 18-175 before the credit notice day.

18-180(2)  
The Commissioner must not give a written notice to the individual under section 18-170 or 18-175 if, on the day before the credit notice day, the amount of the * PAYG withholding non-compliance tax is nil.


 

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