INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1AA - Reportable payments system (RPS)  

Subdivision C - Payer of reportable payment must make deduction if payee's tax file number not quoted  

SECTION 220AF   DEDUCTION FROM REPORTABLE PAYMENT IF PAYEE'S TAX FILE NUMBER NOT QUOTED  

220AF(1)   When section applies.  

This section applies if:

(a) a payer makes a reportable payment to a payee; and

(b) the payee has not quoted his or her tax file number to the payer in connection with the payment; and

(c) the payment is made on or after 1 December 1994 and before 1 July 2000.

Note 1:

See section 220AL for the method of quoting tax file numbers.

Note 2:

The making of a pensioner exemption declaration is an alternative to quotation of a tax file number - see section 220AP .

220AF(2)   Deduction.  

The payer must deduct:

(a) 48.4% of the payment; or

(b) if another percentage is specified in regulations made for the purposes of this subsection - that percentage of the payment.

If working out the relevant percentage results in an amount of dollars and cents, the cents are to be disregarded.

220AF(3)   Offence.  

A person (other than a government body) who contravenes this section is guilty of an offence punishable on conviction by a maximum fine of 10 penalty units.

Note:

See section 220AS for an alternative civil penalty for contravening this section.