Taxation Administration Act 1953
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Hide history noteNote: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxSECTION 16-20 PAYER DISCHARGED FROM LIABILITY TO RECIPIENT FOR AMOUNT WITHHELD 16-20(1)
An entity that:
(a) withholds an amount as required by Division 12 ; or
(b) pays to the Commissioner an amount as required by Division 12A , 13 or 14 ;
is discharged from all liability to pay or account for that amount to any entity except the Commissioner.
Note:
The entity may be required to refund the amount in some circumstances. See Subdivision 18-B .
16-20(2)
An entity is discharged from all liability to pay so much of the total amount payable to *acquire a *CGT asset as is equal to any amount the entity pays to the Commissioner under Subdivision 14-D in relation to the acquisition.
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