Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts11. (1) A financial institution with which a taxable account is kept and the account holder or, if there are 2 or more account holders, those account holders are jointly and severally liable to pay the tax imposed by this Act on a taxable debit made to the account.
(2) The account holder of an account other than a taxable account is liable or, if there are 2 or more account holders, those account holders are jointly and severally liable to pay the tax imposed by this Act on an eligible debit made to the account.
(3) Subsection (2) does not apply in relation to a person or organisation referred to in paragraphs (e) to (j) (inclusive) of the definition of “exempt debit” in subsection 3 (1).