Tax Laws Amendment (2012 Measures No. 2) Act 2012 (99 of 2012)

Schedule 1   Companies' non-compliance with PAYG withholding and superannuation guarantee obligations

Part 3   Superannuation guarantee charge

Division 1   Estimates

Taxation Administration Act 1953

40   Section 268-5 in Schedule 1

Repeal the section, substitute:

268-5 Object of Division

The object of this Division is to enable the Commissioner to take prompt and effective action to recover:

(a) amounts not paid as required by Part 2-5 (Pay as you go (PAYG) withholding); or

(b) unpaid superannuation guarantee charge that has not been assessed.