35
CurrentPayments by tax agents
Part 4Payments and refunds of tax and other amounts
Division 1Payments of tax and other amounts
35 Payments by tax agents
If a tax agent receives an amount to pay a tax law liability for a taxpayer, the tax agent must pay the amount to the commissioner—
(a)
for a return self assessment—
(i)
when lodging the return for the liability; or
(ii)
if the amount is received after the return for the self assessment is lodged—immediately after receiving the amount; or
(b)
for a standard self assessment—
(i)
by the due date for the self assessment; or
(ii)
if the amount is received after the due date for the self assessment—immediately after receiving the amount.
Maximum penalty—100 penalty units.
This Act’s bill:Explanatory memorandum
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