Commonwealth Numbered Acts

Bank Account Debits Tax Legislation Amendment Act 1983 No. 110 of 1983 - SECT 7

7. Section 10 of the Principal Act is amended-

   (a)  by omitting from sub-section (1) '', or is liable to pay,''; and

   (b)  by adding at the end thereof the following sub-section:

''(4) Where a bank would, but for this section, have power to enter into an
agreement or arrangement with the account holder or account holders of a
taxable account kept with the bank under which the bank would be 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 bank is or
becomes liable to pay in respect of taxable debits that have been or are made
to that account, nothing in this section prevents the bank from entering into
such an agreement or arrangement.''.