66Person in receipt or control of money for absentee

66 Person in receipt or control of money for absentee

(1) Subject to this Act, the following provisions apply with respect to a person who has the receipt, control or disposal of money belonging to a person who is resident out of Australia and liable to pay tax under this Act: (a) He or she shall, when required by the Commissioner, pay the tax due and payable by the person on whose behalf he or she has the control, receipt or disposal of money. (b) Where he or she pays tax in accordance with paragraph (a), he or she may recover the amount so paid from the person on whose behalf he or she paid it or deduct it from any money in his or her hands belonging to that person. (c) He or she shall retain from time to time out of any money that comes to him or her on behalf of the person resident out of Australia so much as is sufficient to pay the tax that is or will become due by that person. (d) He or she is personally liable for the tax payable by him or her on behalf of the person resident out of Australia after the tax becomes payable, or if, after the Commissioner has required him or her to pay the tax, he or she disposes of or parts with any fund or money then in his or her possession, or that comes to him or her, and from or out of which the tax could legally be paid, but he or she is not otherwise personally liable for the tax, but the Commissioner may, upon application, permit disposal of the fund or money or such part thereof as he or she considers necessary. (e) He or she is, by force of this section, indemnified in respect of all payments that he or she makes in pursuance of this Act or the requirements of the Commissioner. (2) In subsection (1), tax includes: (a) further tax; and (b) additional tax under section 27 or 42.