Document ID: chunk:federal_register_of_legislation:C2025C00014:schedule:2f:p53
Version: federal_register_of_legislation:C2025C00014
Segment Type: schedule
Provision Reference: sch 2F (pt 53/79)
Character Range: 2335414–2337965

271‑55
 (2) Family trust distribution tax under section 271‑55 is due and payable at the end of 21 days after the end of the period or further period mentioned in subsection (5), (6) or (7), as the case requires, of that section.

Tax under section 271‑60 or 271‑65
 (3) Family trust distribution tax under section 271‑60 or 271‑65 is due and payable at the end of 21 days after the day, or the last day, on which the notice mentioned in subsection 271‑90(2) is given.

Debt due
 (4) Family trust distribution tax, when it becomes due and payable, is a debt due to the Commonwealth and payable to the Commissioner.

Application
 (5) Subsection (4) does not apply in relation to any family trust distribution tax that becomes due and payable on or after 1 July 2000.
Note: For provisions about collection and recovery of family trust distribution tax and other amounts on or after 1 July 2000, see Part 4‑15 in Schedule 1 to the Taxation Administration Act 1953.

271‑80  Late payment of family trust distribution tax
  If any of the family trust distribution tax which a person is liable to pay remains unpaid 60 days after the day by which it is due to be paid, the person is liable to pay the general interest charge on the unpaid amount for each day in the period that:
 (a) began at the beginning of the 60th day after the day by which the family trust distribution tax was due to be paid; and
 (b) finishes at the end of the last day on which, at the end of the day, any of the following remains unpaid:
 (i) the family trust distribution tax;
 (ii) general interest charge on any of the family trust distribution tax.
Note: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953.

271‑90  Notice of liability

Notice for purposes of section 271‑15 etc.
 (1) The Commissioner may give a person or persons, by post or otherwise, a notice specifying:
 (a) the amount of any family trust distribution tax that the Commissioner has ascertained is payable under any of sections 271‑15 to 271‑30 and 271‑55 by the person or persons; and
 (b) the day on which that tax became or will become due and payable.

Notice for purposes of section 271‑60 or 271‑65
 (2) The Commissioner must give persons, by post or otherwise, a notice specifying the amount of any family trust distribution tax that the Commissioner has ascertained is payable under section 271‑60 or 271‑65 by the persons.

Effect of notice on liability etc.
 (3) The liability of a person or persons to family trust distribution tax on the amount or