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 221YHZU  

221YHZU   UNTAXABLE COMMONWEALTH ENTITY AUTHORISED TO PAY TFN WITHHOLDING TAX FOR INVESTOR  
If the investment body in relation to an eligible deferred interest investment is an untaxable Commonwealth entity, the investor is taken to have authorised the investment body to pay TFN withholding tax on behalf of the investor.