Tax Laws Amendment (2012 Measures No. 2) Act 2012 (99 of 2012)
Schedule 1 Companies' non-compliance with PAYG withholding and superannuation guarantee obligations
Part 3 Superannuation guarantee charge
Division 2 Penalties
Taxation Administration Act 1953
51 Subsection 269-10(1) in Schedule 1 (table)
Repeal the table, substitute:
|
Obligations that directors must cause company to comply with |
||
|---|---|---|
|
Item |
Column 1 This Division applies if, on a particular day (the initial day ), a company is a company registered under the Corporations Act 2001 , and on the initial day … |
Column 2 and the company is obliged to pay to the Commissioner on or before a particular day (the due day ) … |
|
1 |
the company withholds an amount under Division 12 |
that amount in accordance with Subdivision 16-B. |
|
2 |
the company receives an *alienated personal services payment |
an amount in respect of that alienated personal services payment in accordance with Division 13 and Subdivision 16-B. |
|
3 |
the company provides a *non-cash benefit |
an amount in respect of that benefit in accordance with Subdivision 16-B. |
|
4 |
the company is given notice of an estimate under Division 268 |
the amount of the estimate. |
|
5 |
a *quarter ends |
superannuation guarantee charge for the quarter in accordance with the Superannuation Guarantee (Administration) Act 1992. |
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
