Taxation Administration Act 1953
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Hide history noteNote: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxSECTION 12A-200 WHAT THIS SUBDIVISION IS ABOUT
When a withholding MIT that is an AMIT gives a member an AMMA statement, the trustee is deemed to have made a payment to the member.
The payment is generally the sum of the determined member components reflected in the statement that are of a character relating to assessable income, reduced by any previous actual payments related to those components.
The deemed payment can flow through one or more custodians, giving rise to subsequent deemed payments.
| Operative provisions | |
| 12A-205 | Issue of AMMA statement etc. deemed to be payment |
| 12A-210 | Post-AMMA actual payment and pre-AMMA actual payment in respect of deemed payment |
| 12A-215 | AMIT payment to the Commissioner in respect of deemed payments to offshore entities etc. |
| 12A-220 | Custodian payment to the Commissioner in respect of deemed payments to offshore entities etc. |
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