INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
TFN withholding tax is due and payable at the end of:
(a) 21 days after the end of the year of income (within the meaning of section 221YHZQ ) to which the undeducted TFN amount relates; or
(b) such further period as the Commissioner, in special circumstances, allows. 221YHZW(2) Application.
The Commissioner must not exercise his or her power under paragraph (1)(b) on or after 1 July 2000.
Note:
For provisions about collection and recovery of TFN withholding tax on or after 1 July 2000, see Part 4-15 in Schedule 1 to the Taxation Administration Act 1953 .
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