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-B - To pay withheld amounts to the Commissioner  

When and how to pay amounts to the Commissioner

SECTION 16-85   HOW AMOUNTS ARE TO BE PAID  

Large withholder

16-85(1)    

A *large withholder must pay to the Commissioner by a means of *electronic payment:

(a) an amount that it withholds under Division 12 ; and

(b) an amount that it pays to the Commissioner under Division 13 or 14 .

Note 1:

A different rule applies for some large withholders for July and August 2000. See section 16-130.

Note 2:

A penalty applies if a large withholder fails to pay electronically as required - see section 288-20 .

Note 3:

A large withholder must also pay other tax debts electronically - see section 8AAZMA .

Medium or small withholder

16-85(2)    
A *medium withholder or *small withholder must pay to the Commissioner:

(a) any amount that it withholds under Division 12 ; and

(b) any amount that it pays to the Commissioner under Division 13 or 14 ;

by a means of *electronic payment, or any other means approved in writing by the Commissioner.

Commissioner may vary payment method

16-85(3)    
The Commissioner may, with an entity ' s agreement, vary the means by which the withholder pays amounts to the Commissioner under this Subdivision. The variation must be by written notice given to the entity.