INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 3B - Collection of tax in respect of certain payments  

Subdivision C - Collection of TFN withholding tax payable on the non-quotation of tax file numbers in respect of eligible deferred interest investments  

SECTION 221YHZT  

221YHZT   BY WHOM TFN WITHHOLDING TAX IS PAYABLE  
TFN withholding tax is payable:

(a) if the investment body in relation to the eligible deferred interest investment is an untaxable Commonwealth entity - by the investor; or

(b) in any other case - jointly and severally by the investor and the investment body.