Taxation Administration Act 2001

A payment is taken to be received by the commissioner—

if the payment is made by cash or cheque—when the payment is made to the commissioner by or for a taxpayer for the taxpayer’s tax law liability; or

if the payment is made as prescribed under a regulation under section 29(1)(b)—at the time prescribed under the regulation; or

if an amount becomes available for application by the commissioner under section 38 for a taxpayer’s tax law liability—when the amount becomes available.

However, if an amount is tendered to the commissioner on a day that is not a business day, or after 5p.m. on a business day, the payment of the amount is taken to have been made on the following business day.

Subsection (2) does not apply to an amount if—

a regulation made under section 29(1)(b) allows the amount to be paid electronically; and

payment of the amount is made electronically.