Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 16 - Payer ' s obligations and rights  

Subdivision 16-C - To provide information  

To the Commissioner

SECTION 16-152   ANNUAL REPORTS - WITHHOLDING PAYMENTS COVERED BY SECTION 12-175  

Reports about withholding payments

16-152(1)    
A trustee must give a report to the Commissioner in the *approved form if the trustee made any *withholding payments covered by section 12-175 or 12-180 (about payments from the income of certain closely held trusts) during an income year.

16-152(2)    
The trustee must give the report under subsection (1) to the Commissioner:

(a) not later than 3 months after the end of the income year; or

(b) within such further period (if any) as the Commissioner allows.

Reports about trust distributions

16-152(3)    
A trustee must give a report to the Commissioner in the *approved form if the trustee would be taken to have made any *withholding payments covered by section 12-175 or 12-180 during an income year if the relevant beneficiary had not *quoted the beneficiary ' s *tax file number as mentioned in paragraph 12-175(2)(a) or 12-180(2)(a) .

Note:

The effect of subsection (3) is that the trustee must report amounts distributed to beneficiaries even if the trustee was not required to withhold from those distributions.

16-152(4)    
The trustee must give the report under subsection (3) to the Commissioner:

(a) by the end of the day on which the trustee lodges the trust ' s *income tax return for the income year; or

(b) within such further period (if any) as the Commissioner allows.

Miscellaneous

16-152(5)    
Subsections 16-153(5) , (6) and (7) apply to this section in the same way as they apply to section 16-153 .