122Means and time of payment

122 Means and time of payment (1) Duty payable under an approval mentioned in the Duties Act 1999, section 239 (Electronic assessment and payment of duty) must be paid to the commissioner by electronic means in accordance with the approval. (2) Any other tax may be paid to the commissioner by the means, including electronic means, approved by the commissioner. (3) An approval of the commissioner may be— (a) general or limited to particular taxes, people or payments; and (b) unconditional or subject to conditions. (4) If the commissioner approves payment by a personal cheque, payment is effected— (a) if the cheque is paid when the commissioner first presents the cheque to the bank for payment—when the cheque was received by the commissioner; or (b) if the cheque is not paid when the commissioner first presents the cheque to the bank for payment, but is paid on a subsequent presentation—when payment is actually effected. (5) The commissioner is not required to present a cheque to the bank for payment more than once if it is not paid on the first presentation. (6) An approval of a means of payment (other than by personal cheque) may include a stipulation about when payment by that means will be taken to be effected and any such stipulation will have effect according to its terms. (7) The commissioner may vary or cancel an approval under this section.