Taxation Administration Act 1953
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Hide history noteNote: See section 3AA .
Chapter 4 - Generic assessment, collection and recovery rulesA tax-related liability may arise for an entity before it becomes due and payable by that entity.
Example:
Under Part 2-5 , an entity ' s liability to pay a withheld amount may arise before the amount is due and payable.
250-5(2)
For some tax-related liabilities, an assessment needs to be made before the amount of the relevant liability becomes due and payable.
Example:
Under Division 5 of the Income Tax Assessment Act 1997 , an amount of income tax needs to be assessed before it becomes due and payable.
250-5(3)
An amount of a tax-related liability may become payable by an entity (for example, when the amount has been assessed) before it is due and payable by that entity.
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