TAXATION ADMINISTRATION ACT 1953 (ARCHIVE)

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

Special rules for 2000-01

SECTION 16-120 (Archive)   WHEN CERTAIN AMOUNTS MUST BE PAID TO THE COMMISSIONER  

16-120(1)    
Subject to subsection (2), if an entity withholds an amount under a provision listed in the table during a month in the *financial year starting on 1 July 2000, it must pay the amount to the Commissioner by the end of the 21st day of the next month.

Provisions under which amounts are withheld during 2000 - 01
Item	Provision	Subject matter
1	Section 12-140	Payment arising from investment: recipient does not quote tax file number
.
2	Section 12-145	Investor becoming presently entitled to income of a unit trust
.
3	Section 12-210	Dividend payment to overseas person
.
4	Section 12-215	Dividend payment received for a foreign resident
.
5	Section 12-245	Interest payment to overseas person
.
6	Section 12-250	Interest payment received for a foreign resident
.
7	Section 12-255	Interest payment derived by lender in carrying on business through overseas permanent establishment
.
8	Section 12-280	Royalty payment to overseas person
.
9	Section 12-285	Royalty payment received for a foreign resident
.
10	Section 12-320	Mining payment
.
11	Section 12-325	Natural resource payment

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History

S 16-120(1) amended by No 73 of 2001 , s 3 and Sch 3 item 27, by substituting " Subject to subsection (2), if " for " If " , applicable in respect of amounts that are required to be paid to the Commissioner on or after 1 April 2001. For transitional provisions see note under s 13-5(3).

16-120(2)    
If:

(a) the amount is withheld during March 2001 or June 2001; and

(b) the entity is a *deferred BAS payer on the 21st day of the month (the next month ) after the month in which that amount is withheld;

the entity must pay that amount to the Commissioner by the end of the 28th day of the next month.

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History

S 16-120(2) inserted by No 73 of 2001 , s 3 and Sch 3 item 28, applicable in respect of amounts that are required to be paid to the Commissioner on or after 1 April 2001. For transitional provisions see note under s 13-5(3).

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