12-420
CurrentAgency rules
Volume 1Parts I to V (sections 1 to 18), Schedule 1, Chapter 2, Part 2-1 to Part 2-5 (sections 6-1 to 21-5)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 2Collection, recovery and administration of income tax
Part 2-5Pay as you go (PAYG) withholding
Division 12Payments from which amounts must be withheld
Subdivision 12-HDistributions of withholding MIT income
12-420 Agency rules
(1)
This section applies to:
(a)
a payment (the first payment) made to an entity (the first entity) in the capacity as *agent for another entity; and
(b)
another payment made by the first entity to the extent that it is reasonably attributable to the first payment.
(2)
This Subdivision has effect as if the first entity were not an *agent in relation to the payments.
Note:
As a result of subsection (2), an agent may be required to withhold amounts under this Subdivision.
This Act’s bill:Second reading speech
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