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-BA - To be registered  

Registration of withholders

SECTION 16-140   WITHHOLDERS MUST BE REGISTERED  

16-140(1)    
An entity that must pay an amount to the Commissioner under:

(a) subsection 16-70(1) (about amounts withheld under Division 12 ); or

(aaa) Division 12A (about deemed payments by AMITs); or

(aa) Division 13 (about payments in respect of alienated personal services payments); or

(b) Subdivision 14-A , 14-B , 14-C or 14-D (about payments in respect of non-cash benefits or capital proceeds);

must apply to register with the Commissioner.

16-140(2)    
The entity must apply in the *approved form by the day on which the entity is first required:

(a) to withhold an amount under Division 12 ; or

(b) to pay an amount to the Commissioner under Division 12A or 13 or Subdivision 14-A , 14-B , 14-C or 14-D .

However, the Commissioner may allow a longer period for applying.

16-140(3)    

An entity that contravenes this section is liable to an administrative penalty of 5 penalty units.

Note 1:

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

Note 2:

Division 298 contains machinery provisions for administrative and civil penalties.