Finance (Local Property Tax) Act 2012 section 117

Minister treated as if net scheme payments paid to a liable person

Section 117 confirms that the Minister is treated as having paid any amount deducted from scheme payments for local property tax purposes, thereby discharging the Minister's payment obligation to that extent.

• Where local property tax is deducted from a liable person's net scheme payments, the Minister is legally discharged of the amount deducted.
• The deduction is treated as if the full amount had actually been paid to the liable person.
• This provision protects the Minister from any subsequent claim by the liable person for the deducted amount.
• The effect is that the liable person's entitlement to the scheme payment is reduced by the amount of local property tax deducted.