KiwiSaver Act 2006

If you need more information about this Act, please contact the administering agency: Inland Revenue Department and Ministry of Business, Innovation, and Employment and The Treasury
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69 Unremitted deductions made by employers

(1)

This section applies if—

(a)

the Commissioner is satisfied that a deduction has been made in any PAYE period by an employer under this subpart; and

(b)

the amount of the deduction is not paid to the Commissioner by the employer on or before the date on which an employer is required to pay the deduction to the Commissioner under section RA 15 of the Income Tax Act 2007 (as applied by section 67 of this Act).

(2)

The amount of the deduction is treated, for the purposes of this Act, as having been received by the Commissioner on the 15th day of the month in which the deduction is made.

Section 69(1)(b): amended, on 1 April 2008, by section ZA 2(1) of the Income Tax Act 2007 (2007 No 97).