Taxation Administration Act 1953
Note: See section 3AA .Chapter 2 - Collection, recovery and administration of income tax
If you are liable to pay an instalment for a period (even if it is a nil amount), you must notify the Commissioner of the amount of your *instalment income for the period. 45-20(2)
You must notify the Commissioner in the *approved form and on or before the day when the instalment is due (regardless of whether it is paid). 45-20(2A)
If you are a *monthly payer for the period, you must give the notification electronically, unless the Commissioner otherwise approves.
A penalty applies if you fail to give the notification electronically as required - see section 288-10 .
The notification is given electronically if it is transmitted to the Commissioner in an electronic format approved by the Commissioner.
Subsection (1) does not apply to:
(a) a quarterly instalment worked out under section 45-112 (on the basis of GDP-adjusted notional tax or estimated benchmark tax); or
(b) an annual instalment, unless it is worked out under paragraph 45-115(1)(a) (based on the Commissioner ' s rate and your instalment income for the income year).
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