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This is a Bill, not an Act. For current law, see the Acts databases.
PAY AS YOU GO WITHHOLDING NON-COMPLIANCE TAX BILL 2012
2010-2011-2012
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Pay As You Go Withholding
Non-compliance Tax Bill 2012
No. , 2012
(Treasury)
A Bill for an Act to impose a tax on directors, and
associates of directors, of companies that do not
comply with their Pay as you go (PAYG)
withholding obligations, and for related purposes
i Pay As You Go Withholding Non-compliance Tax Bill 2012 No. , 2012
Contents
1 Short
title
...........................................................................................
1
2 Commencement
.................................................................................
1
3
Imposition of tax ................................................................................ 2
4
Amount of tax .................................................................................... 2
Pay As You Go Withholding Non-compliance Tax Bill 2012 No. , 2012 1
A Bill for an Act to impose a tax on directors, and
1
associates of directors, of companies that do not
2
comply with their Pay as you go (PAYG)
3
withholding obligations, and for related purposes
4
The Parliament of Australia enacts:
5
1 Short title
6
This Act may be cited as the Pay As You Go Withholding
7
Non-compliance Tax Act 2012.
8
2 Commencement
9
(1) Each provision of this Act specified in column 1 of the table
10
commences, or is taken to have commenced, in accordance with
11
Section 3
2 Pay As You Go Withholding Non-compliance Tax Bill 2012 No. , 2012
column 2 of the table. Any other statement in column 2 has effect
1
according to its terms.
2
3
Commencement information
Column 1
Column 2
Column 3
Provision(s)
Commencement
Date/Details
1. Sections 1 and
2 and anything in
this Act not
elsewhere covered
by this table
The day this Act receives the Royal Assent.
2. Sections 3 and
4
At the same time as Part 2 of Schedule 1 to
the Tax Laws Amendment (2012 Measures
No. 2) Act 2012 commences.
Note:
This table relates only to the provisions of this Act as originally
4
enacted. It will not be amended to deal with any later amendments of
5
this Act.
6
(2) Any information in column 3 of the table is not part of this Act.
7
Information may be inserted in this column, or information in it
8
may be edited, in any published version of this Act.
9
3 Imposition of tax
10
Pay as you go withholding non-compliance tax payable in
11
accordance with Subdivision 18-D in Schedule 1 to the Taxation
12
Administration Act 1953 is imposed.
13
4 Amount of tax
14
The amount of the tax imposed by this Act is the amount of Pay as
15
you go withholding non-compliance tax payable in accordance
16
with that Subdivision.
17