16‑140 Withholders must be registered16‑140 Withholders must be registered

16‑140 Withholders must be registered

(1) An entity that must pay an amount to the Commissioner under: (a) subsection 16‑70(1) (about amounts withheld under Division 12); or (aaa) Division 12A (about deemed payments by AMITs); or (aa) Division 13 (about payments in respect of alienated personal services payments); or (b) Subdivision 14‑A, 14‑B, 14‑C or 14‑D (about payments in respect of non‑cash benefits or capital proceeds); must apply to register with the Commissioner. (2) The entity must apply in the *approved form by the day on which the entity is first required: (a) to withhold an amount under Division 12; or (b) to pay an amount to the Commissioner under Division 12A or 13 or Subdivision 14‑A, 14‑B, 14‑C or 14‑D. However, the Commissioner may allow a longer period for applying. (3) An entity that contravenes this section is liable to an administrative penalty of 5 penalty units.

Note 1: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

Note 2: Division 298 contains machinery provisions for administrative and civil penalties.