When amounts must be paid to Commissioner
16-75 When amounts must be paid to Commissioner
Large withholder
A *large withholder must pay to the Commissioner as shown in the table an amount it withholds under Division 12 (other than section 12‑175 or 12‑180) during a month.
Payments by large withholders | ||
|---|---|---|
Item | If the amount is withheld on this day of week: | It must be paid to the Commissioner on or before: |
1 | Saturday or Sunday | The second Monday after that day |
2 | Monday or Tuesday | The first Monday after that day |
3 | Wednesday | The second Thursday after that day |
4 | Thursday or Friday | The first Thursday after that day |
Medium withholders
Subject to subsection (2A), a *medium withholder must pay to the Commissioner an amount that it withholds during a month under Division 12 (other than section 12‑175 or 12‑180) by the end of the 21st day of the next month.
If a *medium withholder:
withholds an amount during a month under Division 12 (other than section 12‑175 or 12‑180); and
is a *deferred BAS payer on the 21st day of the month (the next month) following that month;
the medium withholder must pay that amount to the Commissioner by the end of the 28th day of:
the next month unless the amount is withheld during December; or
the next February if the amount is withheld during December.
Small withholders
Subject to subsection (4), if a *small withholder withholds an amount under Division 12 (other than section 12‑175 or 12‑180) during a month in a *quarter, it must pay the amount to the Commissioner by the end of the 21st day of the month after the end of that quarter.
If a *small withholder:
withholds an amount under Division 12 (other than section 12‑175 or 12‑180) during a month in a *quarter; and
is a *deferred BAS payer on the 21st day of the month after the end of that quarter;
the small withholder must pay that amount to the Commissioner as shown in the table:
Payments by *deferred BAS payers | ||
|---|---|---|
Item | If the amount is withheld during the *quarter ending on: | the amount must be paid to the Commissioner by the end of: |
1 | 30 September | the following 28 October |
2 | 31 December | the following 28 February |
3 | 31 March | the following 28 April |
4 | 30 June | the following 28 July |
Payment of income of closely held trust
A trustee must pay to the Commissioner an amount the trustee withholds under section 12‑175 or 12‑180 from a payment made during an income year. The trustee must do so:
by the end of the 28th day of the next month following the day by which the trustee was required to give to the Commissioner a report under subsection 16‑152(1) for the income year; or
within a longer period allowed by the Commissioner.
This Act’s bill:Second reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.