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Taxation Administration Act 1953
18‑120 Object of Subdivision18‑120 Object of Subdivision
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18‑120 Object of Subdivision
The object of this Subdivision is to reverse the economic benefit of a credit under section 18‑15 (Tax credit for recipient of withholding payment) of a director, or an *associate of a director, of a company if: (a) the company does not comply with its obligations under subsection 16‑70(1) (obligation to pay amounts withheld to the Commissioner); and (b) the credit is attributable to *amounts withheld from *withholding payments made by the company to the director or associate; until the company complies with its obligations.