Document ID: chunk:federal_register_of_legislation:C2010C00679:section:1987:p47
Version: federal_register_of_legislation:C2010C00679
Segment Type: section
Provision Reference: s 1987 (pt 47/51)
Character Range: 128415–130990

record in the possession of or kept or maintained on behalf
of the royalty payer, as having an address outside Australia; or
  (b) the royalty payer is authorised to pay the royalty, either to the person
or persons to whom it is payable or to another person or persons, at a place
outside Australia;
the royalty payer must, subject to this section and to section 221YM, before
or at the time when the royalty is paid by the royalty payer, make a deduction
from the royalty of an amount determined in accordance with the regulations.
  "(2H) Subject to this section and to section 221YM, if:
  (a) a royalty is paid by a person to the Commonwealth, a State, an authority
of the Commonwealth or of a State or a person in Australia (the 'payee'); and
  (b) another person who is a non-resident is entitled:
    (i) to receive the royalty or a part of the royalty, or the amount
of the royalty or of a part of the royalty, from the payee; or
    (ii) to have the royalty or a part of the royalty, credited to him
or her, or otherwise dealt with on his or her behalf, or as he or she directs,
by the payee;
the payee must, except as provided by the regulations, immediately make a
deduction from the royalty, or the part of the royalty, of an amount
determined in accordance with the regulations.";
  (b) by omitting from subsections (3), (3A), (4A) and (4B) "or from interest"
and substituting ", from interest or from a royalty";
  (c) by omitting from subsection (3) "or the interest" (wherever occurring)
and substituting ", the interest or the royalty";
  (d) by omitting from subsection (3A) "or interest" and substituting ",
interest or royalty".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 71
Exemptions and variations

  71. Section 221YM of the Principal Act is amended:
  (a) by omitting from paragraph (b) "or" (second-last occurring);
  (b) by adding at the end of paragraph (b) ", or from royalties or from
royalties included in a class of royalties".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 72
Deductions to be forwarded to Commissioner etc.

  72. Section 221YN of the Principal Act is amended by omitting from
subsection (1) "or from interest" and substituting ", from interest or from
royalties".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 73
Liability of person who fails to make deductions etc.

  73. Section 221YQ of the Principal Act is amended:
  (a) by omitting from subsection (1) "or from interest" and substituting ",
from interest or from a royalty";
  (b) by omitting from paragraph