Pay As You Go Withholding Non-compliance Tax Act 2012

1 Short title

This Act may be cited as the Pay As You Go Withholding Non-compliance Tax Act 2012.

2 Commencement

Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3 Imposition of tax

Pay as you go withholding non-compliance tax payable in accordance with Subdivision 18-D in Schedule 1 to the Taxation Administration Act 1953 is imposed.

4 Amount of tax

The amount of the tax imposed by this Act is the amount of Pay as you go withholding non-compliance tax payable in accordance with that Subdivision.

[Minister’s second reading speech made in—

House of Representatives on 24 May 2012

Senate on 21 June 2012]