Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_2:p6
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 6/6)
Character Range: 1122092–1123824

(see Division 260).

Table of sections
250‑5 Some important concepts about tax‑related liabilities
250‑10 Summary of tax‑related liabilities

250‑5  Some important concepts about tax‑related liabilities
 (1) A tax‑related liability may arise for an entity before it becomes due and payable by that entity.
Example: Under Part 2‑5, an entity's liability to pay a withheld amount may arise before the amount is due and payable.
 (2) For some tax‑related liabilities, an assessment needs to be made before the amount of the relevant liability becomes due and payable.
Example: Under Division 5 of the Income Tax Assessment Act 1997, an amount of income tax needs to be assessed before it becomes due and payable.
 (3) An amount of a tax‑related liability may become payable by an entity (for example, when the amount has been assessed) before it is due and payable by that entity.

250‑10  Summary of tax‑related liabilities
 (1) The following table is an index of each tax‑related liability under the Income Tax Assessment Act 1936. The key provision for the liability, as set out in the table, specifies when the liability becomes due and payable.
Note 1: The Commissioner may vary the time at which the amount becomes due and payable. See Subdivision 255‑B.
Note 2: Members and former members of consolidated groups and MEC groups may be jointly and severally liable to pay certain tax‑related liabilities related to the group's activities (see Division 721 of the Income Tax Assessment Act 1997).

Tax‑related liabilities under the Income Tax Assessment Act 1936
Item                                                              Topic                                                                                        Provision