Document ID: chunk:federal_register_of_legislation:C2010C00715:clause:1_4:p1
Version: federal_register_of_legislation:C2010C00715
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 1/21)
Character Range: 60677–63334

4                              Thursday or Friday                              The first Thursday after that day

Note: A different rule applies for certain kinds of amounts withheld during 2000‑01. See section 16‑120.

Medium withholders

 (2) A *medium withholder must pay to the Commissioner an amount that it withholds during a month under Division 12 by the end of the 21st day of the next month.

Small withholders

 (3) If a *small withholder withholds an amount under Division 12 during a month in a *quarter, it must pay the amount to the Commissioner by the end of the 21st day of the month after the end of that quarter.

Note: A different rule applies for certain kinds of amounts withheld during 2000‑01. See section 16‑120.

16‑80  Penalty for failure to pay within time

  If an amount that an entity must pay to the Commissioner under subsection 16‑70(1) remains unpaid after the time by which it is due to be paid, the entity is liable to pay *general interest charge on the unpaid amount for each day in the period that:
 (a) started at the beginning of the day by which the unpaid amount was due to be paid; and
 (b) finishes at the end of the last day, at the end of which, any of the following remains unpaid:
 (i) the unpaid amount;
 (ii) general interest charge on any of the unpaid amount.

16‑85  How amounts are to be paid

Large withholder

 (1) A *large withholder must pay to the Commissioner by a means of *electronic payment:
 (a) an amount that it withholds under Division 12; and
 (b) an amount that it pays to the Commissioner under Division 14.

Note: A different rule applies for some large withholders for July and August 2000. See section 16‑130.

Medium or small withholder

 (2) A *medium withholder or *small withholder must pay to the Commissioner:
 (a) any amount that it withholds under Division 12; and
 (b) any amount that it pays to the Commissioner under Division 14;
by a means of *electronic payment, or any other means approved in writing by the Commissioner.

Commissioner may vary payment method

 (3) The Commissioner may, with an entity's agreement, vary the means by which the withholder pays amounts to the Commissioner under this Subdivision. The variation must be by written notice given to the entity.

16‑90  Large withholder: penalty for non‑electronic payment

 (1) A *large withholder that pays an amount by a means that does not comply with this Division is liable to a penalty of 5 penalty units.

Note: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

Remission

 (2) However, the Commissioner may remit all or a part of the penalty amount.

 (3) If