Taxation Administration Act 1953

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

Note: See section 3AA .

Chapter 4 - Generic assessment, collection and recovery rules  

PART 4-15 - COLLECTION AND RECOVERY OF TAX-RELATED LIABILITIES AND OTHER AMOUNTS  

Division 269 - Penalties for directors of non-complying companies  

Guide to Division 269  

SECTION 269-1   WHAT THIS DIVISION IS ABOUT  


This Division deals with obligations of a company:

  • (a) under Subdivision 16-B in this Schedule (obligation to pay withheld amounts to the Commissioner); and
  • (b) under Division 268 in this Schedule (obligation to pay estimates); and
  • (c) under Part 3 of the Superannuation Guarantee (Administration) Act 1992 (obligation to pay superannuation guarantee charge); and
  • (d) under Divisions 33 and 35 of the GST Act in respect of assessed net amounts; and
  • (e) under Division 162 of the GST Act in respect of GST instalments.
  • The directors of a company have a duty to ensure that the company either:

  • (a) meets those obligations; or
  • (b) goes promptly into voluntary administration or restructuring under the Corporations Act 2001 or into liquidation.
  • The directors ' duties are enforced by penalties.

    Note:

    The duties this Division imposes on the directors of the company are in addition to the similar duties imposed on the public officer of the company. See subsection 252(1) of the Income Tax Assessment Act 1936 .


     

    Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

    CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

    The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.