INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1AAA - Payment of RPS, PAYE and PPS deductions to Commissioner  

Subdivision C - Medium remitters  

SECTION 220AAJ   WHO IS A MEDIUM REMITTER - GENERAL  

220AAJ(1)   General rule.  

Subject to this section, a person is a medium remitter in relation to a particular month if the person is not a large remitter in relation to that month and any of the following paragraphs applies:

(a) the total of the deductions that the person makes under Divisions 1AA, 2 and 3A for the period between 1 July 1997 and 31 March 1998 exceeded $18,750;

(b) the total of the deductions that the person makes under Divisions 1AA, 2 and 3A for any financial year ending on or after 30 June 1998 and before that month exceeded $25,000;

(c) that month is covered by a notice in force under section 220AAK ;

(d) that month is covered by a notice in force under subsection 220AAB(3) (determination that the person is not a large remitter);

and that month is not covered by a notice in force under subsection (3).

220AAJ(2)   Not medium remitter before certain times.  

A person:

(a) is not a medium remitter in relation to any month before July 1998; and

(b) is not a medium remitter in relation to July, August or September 1998 unless the person is covered by paragraph (1)(a), (c) or (d); and

(c) is not a medium remitter because of paragraph (1)(b) in relation to July, August or September in a later financial year unless the person was a medium remitter in relation to June of the previous financial year.

220AAJ(3)   Commissioner's determination that person not a medium remitter.  

The Commissioner may, by notice in writing served on a person who would otherwise be a medium remitter:

(a) determine that the person is not a medium remitter in relation to:

(i) a month or months specified in the notice; or

(ii) all months after and including a month specified in the notice; and

(b) revoke or vary any such determination.

Note:

A person who is not a medium remitter because of this subsection will be a small remitter.

220AAJ(4)   [Notice to be served before beginning of month]  

A notice under subsection (3) does not have effect in relation to a particular month unless the notice was served before the beginning of the month.