Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The persons who are directors of the company from time to time on or after the first deduction day must cause the company to do at least one of the following on or before the due date:
(a) comply with its obligations in relation to deductions (if any) and amounts withheld (if any) whose due date is the same as the due date;
(b) make an agreement with the Commissioner under section 222ALA in relation to the company's liability under a remittance provision in respect of such deductions (if any) and amounts withheld (if any);
(c) appoint an administrator of the company under section 436A of the Corporations Act 2001 ;
(d) begin to be wound up within the meaning of that Act.
(1A) For the purposes of paragraph (1)(a), the obligations are:
(a) to comply with Division 1AAA, 3B or 4, as the case may be, in relation to each deduction (if any):
(i) that the company has made for the purposes of Division 1AAA, 3B or 4; and
(ii) whose due date is the same as the due date; and
(b) to comply with Subdivision 16‑B in Schedule 1 to the Taxation Administration Act 1953 in relation to each amount that the company has withheld (if any):
(i) for the purposes of Division 12 of that Schedule; and
(ii) whose due date is the same as the due date.
(2) This section is complied with when:
(a) the company complies as mentioned in paragraph (1)(a); or
(b) the company makes an agreement as mentioned in paragraph (1)(b); or
(c) an administrator of the company is appointed under section 436A, 436B or 436C of the Corporations Act 2001 ; or
(d) the company begins to be wound up within the meaning of that Act;
whichever first happens, even if the directors did not cause the event to happen.
(3) If this section is not complied with on or before the due date, the persons who are directors of the company from time to time after the due date continue to be under the obligation imposed by subsection (1) until this section is complied with.