INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
A person who is a large remitter in relation to a month must pay to the Commissioner the amount of any deductions that the person makes under Division 1AA , 2 or 3A during that month as set out in the following table:
|Table of payments by large remitters|
|Item||Day on which amount deducted||Payment day|
|1||Saturday or Sunday||The second Monday after that day|
|2||Monday or Tuesday||The first Monday after that day|
|3||Wednesday||The second Thursday after that day|
|4||Thursday or Friday||The first Thursday after that day|
The payments covered by items 1 and 2 would normally be paid together, as would the payments covered by items 3 and 4.220AAE(2)
(Repealed by No 11 of 1999)
If any of the amount (the deducted amount ) which a large remitter must pay to the Commissioner remains unpaid after the time by which it is due to be paid, the large remitter is liable to pay the general interest charge on the unpaid amount for each day in the period that:
(a) started at the beginning of the day by which the deducted amount was due to be paid; and
(b) finishes at the end of the last day on which, at the end of the day, any of the following remains unpaid:
(i) the deducted amount;
(ii) general interest charge on any of the deducted amount.
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