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-N - How this Part applies to the trustee of a trust  

How Commissioner works out benchmark instalment rate and benchmark tax for a multi-rate trustee

SECTION 45-525   WHEN COMMISSIONER WORKS OUT BENCHMARK INSTALMENT RATE AND BENCHMARK TAX  

45-525(1)    
The Commissioner may work out your *benchmark instalment rate for an income year (the variation year ) if, under section 45-205 , you choose an instalment rate to work out the amount of your instalment for an *instalment quarter in that year.

45-525(2)    
The Commissioner may work out your *benchmark tax for an income year (the variation year ) if, under paragraph 45-112(1)(b) or (c) , the amount of your instalment for an *instalment quarter in an income year is worked out on the basis of your estimate of your *benchmark tax for that income year.

45-525(3)    

The Commissioner may work out your *benchmark tax for an income year (the variation year ) if, under paragraph 45-115(1)(c) , you estimate the amount of your annual instalment for that year.