TAXATION ADMINISTRATION ACT 2001 - SECT 35 Payments by tax agents

TAXATION ADMINISTRATION ACT 2001 - SECT 35

35 Payments by tax agents

If a tax agent receives an amount to pay a tax law liability for a taxpayer, the tax agent must pay the amount to the commissioner—

(a) for a return self assessment—

(i) when lodging the return for the liability; or

(ii) if the amount is received after the return for the self assessment is lodged—immediately after receiving the amount; or

(b) for a standard self assessment—

(i) by the due date for the self assessment; or

(ii) if the amount is received after the due date for the self assessment—immediately after receiving the amount.

Penalty—

Maximum penalty—100 penalty units.