*TD 2012/D6 – obligation of agents and trustees to retain sufficient money to pay tax under s254 includes tax not yet assessed [39]
This Draft TD, issued Wed 19.9.2012, concerns s 254 of the ITAA 1936 relating to agents and trustees. In particular, the Draft TD deals with the question of whether income tax must have been assessed before an agent or trustee has an obligation under s 254 to retain sufficient money to pay tax, which is…