Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts13. (1) Where a financial institution pays tax in respect of a taxable debit made to a taxable account kept with the financial institution, the account holder is liable or, if there are 2 or more account holders, those account holders are jointly and severally liable, to pay to the financial institution an amount equal to that tax.
(2) The financial institution may recover the amount referred to in subsection (1) from the account holder, or from either or any of those account holders, as a debt due to the financial institution by action in a court of competent jurisdiction.
(3) An account holder is not, or account holders are not, liable to pay to a financial institution under subsection (1) an amount in respect of an amount of tax that has been refunded to the financial institution in accordance with the Taxation (Administration) Act.
(4) A financial institution may debit an account with an amount that the account holder is, or the account holders are, liable to pay to the financial institution under subsection (1).
(5) Where a financial institution would, but for this section, have power to enter into an agreement or arrangement referred to in subsection (6) with the account holder or account holders, nothing in this section prevents the financial institution from entering into such an agreement or arrangement.
(6) For the purposes of subsection (5), the agreement or arrangement is one under which the financial institution is entitled to recover from the account holder or account holders, whether by debiting the account or otherwise, amounts equal to amounts of tax that the financial institution is or becomes liable to pay in respect of taxable debits that have been or are made to that account.