Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts17. (1) If in any month a taxable debit is made to a taxable account kept with a financial institution, the financial institution shall lodge a return.
(2) A return referred to in subsection (1) shall relate to all taxable debits made during the month to taxable accounts kept with the financial institution.
(3) A return referred to in subsection (1) relating to a month shall be lodged no later than 14 days after the end of that month or such later date as the Commissioner allows.
(4) A financial institution may, with the consent of the Commissioner, lodge separate returns under subsection (1) in relation to taxable debits made to taxable accounts kept with a particular branch or branches of the financial institution.
(5) Where the Commissioner has reason to believe that an account holder is liable to pay tax by virtue of subsection 11 (2) in respect of an eligible debit or eligible debits made to an account, the Commissioner may, by notice in writing, require that account holder to lodge a return.
(6) A return referred to in subsection (5) shall relate to all eligible debits in respect of which the account holder is liable to pay tax by virtue of subsection 11 (2) during the period specified in the notice.
(7) A return referred to in subsection (5) shall be lodged within a time specified in the notice being a time not earlier than 21 days after the day on which the notice is given.
(8) A return under this section shall be in a form approved by the Commissioner and shall contain such particulars as are required by the form.