Income Tax Assessment Act 1997
CHAPTER 1
-
INTRODUCTION AND CORE PROVISIONS
PART 1-3
-
CORE PROVISIONS
Division 5
-
How to work out when to pay your income tax
Guide to Division 5
SECTION 5-1
What this Division is about
(a)
when
you must pay the additional tax; and
(b)
when
any associated interest charges must be paid.
View history note
Hide history noteIf your assessed income tax liability exceeds the credits available to you under the PAYG system, this Division explains when you must pay the excess to the Commissioner.
If your assessment is amended so that you must pay income tax, or pay more income tax than under the previous assessment, this Division explains:
Note:
For provisions about the collection and recovery of income tax and other tax-related liabilities, see Part 4-15 in Schedule 1 to the Taxation Administration Act 1953 .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.