21-1
CurrentWhat this Division is about
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 21Entitlements relating to insolvent ADIs and general insurers
21-1 What this Division is about
This Part applies in relation to a payment by APRA under:
(a)
Division 2AA of Part II of the Banking Act 1959 applying in relation to an account with an ADI; or
(b)
Part VC of the Insurance Act 1973 applying in relation to a general insurance policy issued by a general insurance company;
in a way corresponding to the way this Part would have applied if the payment had been made by the ADI or company in connection with the account or policy.
This Act’s bill:Second reading speech
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