Queensland Consolidated Acts

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TAXATION ADMINISTRATION ACT 2001 - SECT 40

When payments are received

40 When payments are received

(1) A payment is taken to be received by the commissioner—
(a) if the payment is made by cash or cheque—when the payment is made to the commissioner by or for a taxpayer for the taxpayer’s tax law liability; or
(b) if the payment is made as prescribed under a regulation under section 29 (1) (b) —at the time prescribed under the regulation; or
(c) if an amount becomes available for application by the commissioner under section 38 for a taxpayer’s tax law liability—when the amount becomes available.
(2) However, if an amount is tendered to the commissioner on a day that is not a business day, or after 5p.m. on a business day, the payment of the amount is taken to have been made on the following business day.
(3) Subsection (2) does not apply to an amount if—
(a) a regulation made under section 29 (1) (b) allows the amount to be paid electronically; and
(b) payment of the amount is made electronically.



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