Taxation Laws Amendment Act (No. 5) 2002 (119 of 2002)

Schedule 4   Recovery of Pay as you go (PAYG) withholding amounts

Part 1   Main amendments

Income Tax Assessment Act 1936

8   Subsection 222AGF(4)

Repeal the subsection, substitute:

(4) The declaration must:

(a) specify:

(i) the total of the amounts of the deductions that the person made for the purposes of Division 1AA, 2, 3A, 3B or 4 during the period concerned; or

(ii) the total of the amounts withheld under Division 12 in Schedule 1 to the Taxation Administration Act 1953 during the period concerned; or

(iii) the total of the amounts of the payments received during the period concerned that gave rise to a liability under Division 13 in that Schedule and the total of the amounts of those liabilities; or

(iv) the total of the values of the non-cash benefits, or the amounts of the dividends, interest or royalties, provided during the period concerned that gave rise to a liability under Division 14 in that Schedule and the total of the amounts of those liabilities;

as the case requires; or

(b) state to the effect that during the period concerned, the person did not:

(i) make any deductions for the purposes of Division 1AA, 2, 3A, 3B or 4; or

(ii) withhold any amounts under Division 12 in Schedule 1 to the Taxation Administration Act 1953; or

(iii) receive any payments that gave rise to a liability under Division 13 in that Schedule; or

(iv) provide any non-cash benefits that gave rise to a liability under Division 14 in that Schedule;

as the case requires.