Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 11C - Payments in respect of mining operations on Indigenous land  

SECTION 128V   LIABILITY TO MINING WITHHOLDING TAX  

128V(1)   [Imposition of withholding tax]  

Where a mining payment is made to, or applied for the benefit of, a person, that person is liable to pay income tax on the amount of the mining payment at the rate declared by the Parliament for the purposes of this section.

128V(2)   [Withholding tax in addition to other tax]  

Income tax payable by a person in accordance with this section is in addition to any other income tax payable by that person upon amounts that are not mining payments.