INCOME TAX ASSESSMENT ACT 1936 - SECT 257 Payment of tax by banker
INCOME TAX ASSESSMENT ACT 1936 - SECT 257
Payment of tax by banker Where any income of any person out of Australia is paid, or any
proceeds of the disposal of an asset of any person out of Australia are paid,
into the account of that person with a banker, the Commissioner may, by notice
in writing to the banker, appoint the banker to be the person's agent in
respect of the money so paid so long as the banker is indebted in respect
thereof, and thereupon the banker shall accordingly be that person's
agent.