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 21 - Entitlements relating to insolvent ADIs and general insurers  

Guide to Division 21  

SECTION 21-1   WHAT THIS DIVISION IS ABOUT  

This Part applies in relation to a payment by APRA under:

  • (a) Division 2AA of Part II of the Banking Act 1959 applying in relation to an account with an ADI; or
  • (b) Part VC of the Insurance Act 1973 applying in relation to a general insurance policy issued by a general insurance company;
  • in a way corresponding to the way this Part would have applied if the payment had been made by the ADI or company in connection with the account or policy.




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