16‑157 Payment summary for Subdivision 116‑157 Payment summary for Subdivision 12‑H

#### 16‑157 Payment summary for Subdivision 12‑H (1) An entity (the payer) must give a \*payment summary to another entity (the recipient) if the payer made \*withholding payments covered by section 12‑385 or 12‑390 to the recipient in relation to \*fund payments made by a particular \*withholding MIT (the paying trust) in relation to an income year of that trust. > Note: The entity may be the withholding MIT itself or a custodian or other entity. (2) The \*payment summary: (a) must cover each of the \*withholding payments mentioned in subsection (1); and (b) may be in electronic form; and (c) must be given: (i) not later than 14 days after the end of 6 months after the end of the income year of the \*withholding MIT in relation to which the relevant \*fund payments were made; or (ii) within a longer period allowed by the Commissioner.