Section 5 — Income Tax Assessment Act 1997 (Cth)

If your assessed income tax liability exceeds the credits available to you under the PAYG system, this Division explains when you must pay the excess to the Commissioner.

If your assessment is amended so that you must pay income tax, or pay more income tax than under the previous assessment, this Division explains:

(a) when you must pay the additional tax; and

(b) when any associated interest charges must be paid.

Note: For provisions about the collection and recovery of income tax and other tax‑related liabilities, see Part 4‑15 in Schedule 1 to the Taxation Administration Act 1953.

Related sections

• s 2 — ‑1  The design
• s 3 — ‑5  Annual income tax
• s 4 — ‑1  Who must pay income tax
• s 6 — ‑1  Diagram showing relationships among concepts in this Division
• s 8 — ‑1  General deductions
• s 9 — ‑1A  Effect of this Division

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