Document ID: chunk:federal_register_of_legislation:C2024C00574:clause:2_122d
Version: federal_register_of_legislation:C2024C00574
Segment Type: clause
Provision Reference: sch 2 cl 122D
Character Range: 37925–39868

122D  Deductions of DFISA and DFISA bonus paid to Commissioner of Taxation

Deductions from DFISA because of notice from the Commissioner of Taxation
 (1) The Commission must, in accordance with Subdivision 260‑A in Schedule 1 to the Taxation Administration Act 1953, for the purpose of enabling the collection of an amount that is, or may become, payable by a recipient of DFISA:
 (a) make deductions from instalments of DFISA payable to the recipient; and
 (b) pay the amount deducted to the Commissioner of Taxation.

Deduction from DFISA bonus because of notice from the Commissioner of Taxation
 (2) The Commission must, in accordance with Subdivision 260‑A in Schedule 1 to the Taxation Administration Act 1953, for the purpose of enabling the collection of an amount that is, or may become, payable by a recipient of a DFISA bonus:
 (a) make a deduction from the bonus payable to the recipient; and
 (b) pay the amount deducted to the Commissioner of Taxation.

Deductions from DFISA because of recipient's request to do so
 (3) The Commission may make deductions from instalments of DFISA payable to a person if the person, by document lodged at an office of the Department in Australia in accordance with section 5T, requests the Commission:
 (a) to make those deductions; and
 (b) to pay the deductions to be deducted to the Commissioner of Taxation.
The Commission must pay to the Commissioner of Taxation an amount deducted under this subsection.

Deduction from DFISA bonus because of recipient's request to do so
 (4) The Commission may make a deduction from a DFISA bonus payable to a person if the person, by document lodged at an office of the Department in Australia in accordance with section 5T, requests the Commission:
 (a) to make the deduction; and
 (b) to pay the amount to be deducted to the Commissioner of Taxation.
The Commission must pay to the Commissioner of Taxation an amount deducted under this subsection.