Taxation Administration Act 1953
SCHEDULE 1
-
COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 2-1
-
INTRODUCTION TO THE PAY AS YOU GO (PAYG) SYSTEM
Division 6
-
Guide to Parts 2-5 and 2-10
SECTION 6-1
WHAT PARTS 2-5 AND 2-10 ARE ABOUT
View history note
Hide history noteNote: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxTo help taxpayers meet their annual income tax liability, they are required to pay amounts of their income at regular intervals as it is earned during the year. The system for collecting these amounts is called " Pay as you go " .
Amounts collected under this system also go towards meeting liability for Medicare levy and liability to repay debts under certain income-contingent loan schemes.
| 6-5 | The Pay as you go (PAYG) system |
| 6-10 | How the amounts collected are dealt with |
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.