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 2-10 - PAY AS YOU GO (PAYG) INSTALMENTS  

Division 45 - Instalment payments  

Subdivision 45-A - Basic rules  

SECTION 45-20   INFORMATION TO BE GIVEN TO THE COMMISSIONER BY CERTAIN PAYERS  

45-20(1)    
If you are liable to pay an instalment for a period (even if it is a nil amount), you must notify the Commissioner of the amount of your *instalment income for the period.

45-20(2)    
You must notify the Commissioner in the *approved form and on or before the day when the instalment is due (regardless of whether it is paid).

45-20(2A)    

If you are a *monthly payer for the period, you must give the notification electronically, unless the Commissioner otherwise approves.

Note:

A penalty applies if you fail to give the notification electronically as required - see section 288-10 .

45-20(2B)    

The notification is given electronically if it is transmitted to the Commissioner in an electronic format approved by the Commissioner.

Exceptions

45-20(3)    
Subsection (1) does not apply to:

(a) a quarterly instalment worked out under section 45-112 (on the basis of GDP-adjusted notional tax or estimated benchmark tax); or

(b) an annual instalment, unless it is worked out under paragraph 45-115(1)(a) (based on the Commissioner ' s rate and your instalment income for the income year).