83Annual adjustment of payroll tax

83 Annual adjustment of payroll tax (1) If the amount of payroll tax paid or payable by an employer when the employer lodges the returns for a financial year is greater than the correct amount of payroll tax payable by the employer for the financial year, the commissioner (on application by the employer) must refund to the employer an amount equal to the difference. (2) If the amount of payroll tax paid or payable by an employer when the employer lodges the returns for a financial year is less than the correct amount of payroll tax payable by the employer for the financial year, the employer must pay to the commissioner as payroll tax an amount equal to the difference. (3) However, if the difference payable by an employer under subsection (2) is less than $20, the commissioner must determine that the difference is $0. (4) Any amount payable by an employer under this section for a financial year must be paid within the period in which the employer is required to lodge a return under this Act for the return period that is or includes June in the financial year.

(5) The amount of any refund payable to an employer for a financial year under this section must be reduced by the amount of any other refund of payroll tax made for the financial year to the employer (under this section or otherwise) before the time of the refund under this section.