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 12 - Payments from which amounts must be withheld  

Subdivision 12-G - Payments in respect of mining on Aboriginal land, and natural resources  

SECTION 12-330   PAYER MUST ASK COMMISSIONER HOW MUCH TO WITHHOLD  

12-330(1)    
An entity must not intentionally make a payment from which section 12-325 requires it to withhold an amount, unless:

(a) the entity has notified the Commissioner in writing of the amount of the proposed payment; and

(b) the Commissioner has later notified the entity in writing of the amount (if any) that the entity must withhold from the payment in respect of tax or *petroleum resource rent tax that is or may become payable by a foreign resident to whom the payment is made;

or the payment is covered by a certificate in force under section 12-335 .

Penalty: 20 penalty units.

Note:

See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

Failure to notify not an offence against section 8C

12-330(2)    
An entity that fails to notify the Commissioner as required by subsection (1) does not commit an offence against section 8C .