16-167
CurrentPayment summary for payment to recipient who does not quote ABN
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 16Payer’s obligations and rights
Subdivision 16-CTo provide information
16-167 Payment summary for payment to recipient who does not quote ABN
(1)
An entity (the payer) that makes a *withholding payment covered by section 12‑190 (about payments to recipients who do not quote their ABN) to another entity (the recipient) must give the recipient a *payment summary (and a copy of it) that covers that payment, unless the *amount required to be withheld from the payment is nil.
(2)
The summary must cover only that payment.
(3)
The payer must give the summary to the recipient when making the payment, or as soon as practicable afterwards.
This Act’s bill:Second reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.