Taxation Administration Act 1953

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

Note: See section 3AA .

Chapter 5 - Administration  

PART 5-30 - PAYMENT, ABN AND IDENTIFICATION VERIFICATION SYSTEM  

Division 405 - Transaction reporting by purchasers  

SECTION 405-5   PAYMENTS TO WHICH THIS DIVISION APPLIES  

405-5(1)    
This Division applies to any payments made, or liable to be made, for a *supply where the supply is specified in regulations made for the purpose of this section.

405-5(2)    
A payment is liable to be made if the obligation to make the payment is notified in an *invoice.

405-5(3)    
Payments to which this Division applies are called Division 405 payments .

405-5(4)    
Without limiting the ways in which the regulations may specify a *supply, the regulations may specify a supply by reference to:

(a) the goods or services supplied; or

(b) the supplier; or

(c) the purchaser.