INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART VI
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COLLECTION AND RECOVERY OF TAX
Division 1AA
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Reportable payments system (RPS)
Subdivision B
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Interpretation
SECTION 220ADA
220ADA
TRANSFER OF REPORTABLE PAYMENT DEBTS
To avoid doubt, if:
(a) a debt is owed to a person; and
(b) a payment in satisfaction of the debt would be a reportable payment (see section 220AC ); and
(c) the person transfers the whole or part of the debt to another person in return for a payment;
View history note
Hide history noteTo avoid doubt, if:
(a) a debt is owed to a person; and
(b) a payment in satisfaction of the debt would be a reportable payment (see section 220AC ); and
(c) the person transfers the whole or part of the debt to another person in return for a payment;
the last-mentioned payment is a reportable payment .
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