45-15

Liability for instalments

Current

(1)

The Commissioner may give you an instalment rate from time to time, by giving you written notice of the rate.

(2)

You are liable to pay instalments under this Division if the Commissioner has given you an instalment rate.

Note 1:

The instalment rate that the Commissioner gives you is worked out under section 45‑320 or 45‑775.

Note 2:

If your assessable income has always consisted wholly of withholding payments (other than non‑quotation withholding payments), the Commissioner will not give you an instalment rate.

Note 3:

Work out the amount of your instalments under Subdivision 45‑C.

Note 4:

If the Commissioner withdraws the rate under section 45‑90, you are not liable to pay further instalments.

Note 5:

For provisions about collection and recovery of amounts you are liable to pay under this Part, see Part 4‑15.

This Act’s bill:Second reading speech

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