Taxation Administration Act 1953
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Chapter 2 - Collection, recovery and administration of income taxSECTION 16-156 ANNUAL PAYMENT SUMMARY FOR SECTIONS 12-175 AND 12-180 16-156(1)
A trustee must give a *payment summary to a beneficiary of the trust, if the trustee made any *withholding payments covered by section 12-175 or 12-180 to the beneficiary during the income year.
16-156(2)
The *payment summary:
(a) must cover each of the *withholding payments mentioned in subsection (1); and
(b) may be in electronic form; and
(c) must be given:
(i) not later than 14 days after the day by which the trustee was required to give the Commissioner a report under subsection 16-152(1) for the income year; or
(ii) within a longer period allowed by the Commissioner.
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