52EPayment and recovery of amount payable

52E Payment and recovery of amount payable (1) The amount an agent is required to pay under an agent determination is a debt payable to the Territory and recoverable by the Commissioner in a court of competent jurisdiction. (2) Subject to subsection (3), the amount must be paid within 14 days after the date of issue of the notice of liability that sets out the agent determination. (3) Part 7, Divisions 1 and 2 apply to the payment and recovery of the amount as if: (a) the agent named in the notice of liability were a taxpayer; and (b) the amount were a tax, tax liability or amount assessed; and (c) interest payable under the agent determination were interest payable under Part 5, Division 1; and (d) any penalty payable under the agent determination were penalty tax payable under Part 5, Division 2; and (e) the notice of liability were a notice of assessment.

Taxation Administration Act 2007 28