Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p4
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 4/27)
Character Range: 715163–717834

out in section 45‑455, and the rest of Subdivision 45‑N, in this Schedule.

45‑15  Liability for instalments
 (1) The Commissioner may give you an instalment rate from time to time, by giving you written notice of the rate.
 (2) You are liable to pay instalments under this Division if the Commissioner has given you an instalment rate.
Note 1: The instalment rate that the Commissioner gives you is worked out under section 45‑320 or 45‑775.
Note 2: If your assessable income has always consisted wholly of withholding payments (other than non‑quotation withholding payments), the Commissioner will not give you an instalment rate.
Note 3: Work out the amount of your instalments under Subdivision 45‑C.
Note 4: If the Commissioner withdraws the rate under section 45‑90, you are not liable to pay further instalments.
Note 5: For provisions about collection and recovery of amounts you are liable to pay under this Part, see Part 4‑15.

45‑20  Information to be given to the Commissioner by certain payers
 (1) If you are liable to pay an instalment for a period (even if it is a nil amount), you must notify the Commissioner of the amount of your *instalment income for the period.
 (2) You must notify the Commissioner in the *approved form and on or before the day when the instalment is due (regardless of whether it is paid).
 (2A) If you are a *monthly payer for the period, you must give the notification electronically, unless the Commissioner otherwise approves.
Note: A penalty applies if you fail to give the notification electronically as required—see section 288‑10.
 (2B) The notification is given electronically if it is transmitted to the Commissioner in an electronic format approved by the Commissioner.

Exceptions
 (3) Subsection (1) does not apply to:
 (a) a quarterly instalment worked out under section 45‑112 (on the basis of GDP‑adjusted notional tax or estimated benchmark tax); or
 (b) an annual instalment, unless it is worked out under paragraph 45‑115(1)(a) (based on the Commissioner's rate and your instalment income for the income year).

45‑25  Penalty for failure to notify Commissioner
 (1) If you fail to notify the Commissioner of an amount as required by section 45‑20, or you notify an amount that is less than the correct amount, you are liable to pay the *failure to notify penalty on the amount, or on the shortfall, multiplied by the instalment rate that you are required to use to work out the instalment for the period, for each day in the period that:
 (a) started at the beginning of the day by which the amount was due to be paid; and
 (b) finishes at the end of the day before you notify the Commissioner of the correct