Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p1
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 1/12)
Character Range: 673158–676183

Schedule 1—Collection and recovery of income tax and other liabilities
Chapter 2—Collection, recovery and administration of income tax
Part 2‑10—Pay as you go (PAYG) instalments
Division 45—Instalment payments
Guide to Division 45
45‑1 What this Division is about
Subdivision 45‑A—Basic rules
45‑5 Object of this Part
45‑10 Application of Part
45‑15 Liability for instalments
45‑20 Information to be given to the Commissioner by certain payers
45‑25 Penalty for failure to notify Commissioner
45‑30 Credit for instalments payable
Subdivision 45‑B—When instalments are due
45‑50 Liability to pay instalments
45‑60 Meaning of instalment quarter
45‑61 When quarterly instalments are due—payers of quarterly instalments
45‑65 Meaning of instalment month
45‑67 When monthly instalments are due—payers of monthly instalments
45‑70 When annual instalments are due
45‑72 Means of payment of instalment
45‑75 Instalments recoverable in same way as income tax
45‑80 General interest charge on late payment
45‑90 Commissioner may withdraw instalment rate
Subdivision 45‑C—Working out instalment amounts
45‑110 How to work out amount of quarterly instalment on instalment income basis
45‑112 Amount of instalment for quarterly payer who pays on basis of GDP‑adjusted notional tax
45‑114 How to work out amount of monthly instalment
45‑115 How to work out amount of annual instalment
45‑120 Meaning of instalment income
Subdivision 45‑D—Quarterly payers
45‑125 Quarterly payer who pays instalments on the basis of instalment income
45‑130 Quarterly payer who pays on the basis of GDP‑adjusted notional tax
45‑132 Quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax
45‑134 Quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax
Subdivision 45‑DA—Monthly payers
45‑136 Monthly payer
45‑138 Monthly payer requirement
Subdivision 45‑E—Annual payers
When you start and stop being an annual payer
45‑140 Choosing to pay annual instalments
45‑145 Meaning of instalment group
45‑150 Entity stops being annual payer if involved with GST registration or instalment group
45‑155 Entity stops being annual payer if notional tax is $8,000 or more, or entity chooses to pay quarterly
45‑160 Head company of a consolidated group stops being annual payer
Subdivision 45‑F—Varying the instalment rate for quarterly or monthly payers who pay on the basis of instalment income
45‑200 Application
45‑205 Choosing a varied instalment rate
45‑210 Notifying Commissioner of varied instalment rate
45‑215 Credit on using varied rate in certain cases
Subdivision 45‑G—General interest charge payable in certain cases if instalments are too low
45‑225 Effect of Subdivision in relation to monthly payers
45‑230 Liability to GIC on shortfall in quarterly instalment worked out on the basis of varied rate
45‑232 Liability to GIC on shortfall in quarterly instalment worked out on the basis of estimated benchmark tax
45‑233 Reduction in GIC liability under section 45‑232 if shortfall is made