5Authorisation of payroll tax deferral arrangements

5 Authorisation of payroll tax deferral arrangements

5 Authorisation of payroll tax deferral arrangements

(1) The Treasurer is authorised, on behalf of the State, to enter into and give effect to the deed.

(2) The deed may be given effect despite sections 7, 8 and 9 of the Payroll Tax Act 2007.

(3) In this section:

giving effect to the deed includes:

(a) complying with any obligation of the State under the deed, and

(b) exercising or enforcing any right or power under the deed.

(4) For the purpose of giving effect to the deed, section 81 (1) of the Payroll Tax Act 2007 is to be read as if the reference to an amount that a member of a group is required to pay under that Act in respect of a period were a reference to an amount that a BlueScope Taxpayer Entity is required to pay under the deed.

Note—

The BlueScope Taxpayer Entities are a group under the Payroll Tax Act 2007.

(5) This section has effect despite anything to the contrary in the Payroll Tax Act 2007 or any other law.

(6) Nothing in this section limits or prevents the exercise of any function by the Chief Commissioner under section 37 or 47 of the Taxation Administration Act 1996 in relation to payroll tax payable by BlueScope and any BlueScope Taxpayer Entity.

(7) A failure by BlueScope or a BlueScope Taxpayer Entity to pay an amount required to be paid by it under the deed is a tax default for the purposes of the Taxation Administration Act 1996.