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Taxation Administration Act 1953

Authoritative Version
  • - C2019C00225
  • In force - Superseded Version
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Act No. 1 of 1953 as amended, taking into account amendments up to Treasury Laws Amendment (2019 Measures No. 1) Act 2019
An Act to provide for the administration of certain Acts relating to Taxation, and for purposes connected therewith
Administered by: Treasury
General Comments: Sections 18-15, 18-20 and 18-25 of Schedule 1 of this Act have been modified by the operation of the Commissioner’s Remedial Power, click here to see the modification
Registered 23 Jul 2019
Start Date 01 Jul 2019
End Date 28 Oct 2019

Commonwealth Coat of Arms of Australia

Taxation Administration Act 1953

No. 1, 1953

Compilation No. 163

Compilation date:                              1 July 2019

Includes amendments up to:            Act No. 49, 2019

Registered:                                         23 July 2019

This compilation is in 3 volumes

Volume 1:       sections 1–18

                        Schedule 1 (sections 6‑1 to 97‑35)

Volume 2:       Schedule 1 (sections 105‑1 to 990‑5)

Volume 3:       Endnotes

Each volume has its own contents

 

About this compilation

This compilation

This is a compilation of the Taxation Administration Act 1953 that shows the text of the law as amended and in force on 1 July 2019 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

  

  

  


Contents

Part I—Preliminary                                                                                                              1

1............................ Short title............................................................................ 1

2............................ Interpretation....................................................................... 1

2A......................... Application of the Criminal Code....................................... 3

2B.......................... Act binds the Crown........................................................... 4

3............................ Application......................................................................... 4

3AA...................... Schedule 1.......................................................................... 4

Part IA—Administration                                                                                                   5

3A......................... General administration of Act............................................. 5

3B.......................... Annual report...................................................................... 5

3C.......................... Reporting of information about corporate tax entity with reported total income of $100 million or more............................................................................................ 6

3CA....................... Reporting of information by significant global entities....... 8

3E.......................... Reporting of information about entity with PRRT payable. 9

3F.......................... Reporting of information about junior minerals exploration incentive offset            11

Part II—Commissioner of Taxation, Second Commissioner of Taxation and Deputy Commissioner of Taxation                                                                                                                  12

4............................ Commissioner and Second Commissioners of Taxation... 12

4A......................... Statutory Agency etc. for purposes of Public Service Act 12

5............................ Tenure of Commissioner and Second Commissioners..... 12

5A......................... Remuneration and allowances of Commissioner and Second Commissioners         12

6............................ Leave of absence............................................................... 13

6A......................... Resignation....................................................................... 13

6B.......................... Acting appointments......................................................... 13

6C.......................... Suspension and removal from office of Commissioner or Second Commissioner  14

6D......................... Powers of Second Commissioner..................................... 16

7............................ Deputy Commissioners of Taxation................................. 16

8............................ Delegation......................................................................... 17

Part IIA—The general interest charge                                                                   18

8AAA................... Overview.......................................................................... 18

8AAB.................... When the general interest charge applies........................... 18

8AAC.................... Amount of the general interest charge............................... 24

8AAD................... What is the general interest charge rate?......................... 25

8AAE.................... When the charge is due and payable................................. 25

8AAF.................... Notification by Commissioner.......................................... 26

8AAG................... Remission of the charge.................................................... 26

8AAGA................ Rounding of the charge..................................................... 27

8AAH................... Judgment for payment of an unpaid amount..................... 27

Part IIB—Running balance accounts, application of payments and credits, and related matters          28

Division 1—Preliminary                                                                                            28

8AAZA................. Definitions........................................................................ 28

8AAZB................. Trustee to be treated as separate entity for each capacity... 30

Division 2—Running Balance Accounts (or RBAs)                                    31

8AAZC................. Establishment of RBAs.................................................... 31

8AAZD................. Allocation of tax debts to RBAs....................................... 31

8AAZF.................. General interest charge on RBA deficit debt..................... 32

8AAZG................. RBA statements................................................................ 32

8AAZH................. Liability for RBA deficit debt........................................... 32

8AAZI................... RBA statement to be evidence.......................................... 33

8AAZJ.................. Evidentiary certificate about RBA transactions etc............ 33

Division 3—Treatment of payments, credits and RBA surpluses       35

8AAZL.................. Amounts covered by this Division................................... 35

8AAZLA............... Method 1—allocating the amount first to an RBA............ 36

8AAZLB............... Method 2—applying the amount first against a non‑RBA tax debt          36

8AAZLC............... RBA surplus and related credits must remain equivalent if one or the other is applied            37

8AAZLD............... Special priority credits...................................................... 37

8AAZLE............... Instructions to Commissioner not binding........................ 38

Division 3A—Refunds of RBA surpluses and credits                                39

8AAZLF............... Commissioner must refund RBA surpluses and credits... 39

8AAZLG............... Retaining refunds until information or notification given.. 40

8AAZLGA............ Retaining refunds while Commissioner verifies information 40

8AAZLGB............ Retaining refunds until notification under Division 389 or ascertainment of liability               43

8AAZLH............... How refunds are made...................................................... 45

Division 4—Miscellaneous provisions about tax debts                             46

8AAZM................ When payments are treated as received............................. 46

8AAZMA............. Electronic payment of tax debts........................................ 46

8AAZMB.............. Saturdays, Sundays and public holidays........................... 46

8AAZN................. Overpayments made by the Commissioner under taxation laws              47

Part III—Prosecutions and offences                                                                        48

Division 1—Preliminary                                                                                            48

8A......................... Interpretation..................................................................... 48

8AC....................... Application of Part to the Tax Agent Services Act 2009.... 49

Division 2—Offences                                                                                                   50

Subdivision A—Failure to comply with taxation requirements                   50

8B.......................... Interpretation..................................................................... 50

8C.......................... Failure to comply with requirements under taxation law... 51

8D......................... Failure to answer questions when attending before the Commissioner etc.              52

8E.......................... Penalties for failure to comply with requirements under taxation law      53

8F.......................... Election to treat offence otherwise than as prescribed taxation offence    53

8G......................... Order to comply with requirement.................................... 54

8H......................... Penalty for failure to comply with order to comply........... 54

8HA...................... Court may order payment of amount in addition to penalty 55

Subdivision B—Offences relating to statements, records and certain other Acts          55

8J........................... Interpretation..................................................................... 55

8K.......................... False or misleading statements.......................................... 62

8L.......................... Incorrectly keeping records etc......................................... 64

8M......................... Penalties for offences against subsections 8K(1) and (1B) and 8L(1) and (1A)      65

8N......................... Recklessly making false or misleading statements............ 65

8Q......................... Recklessly incorrectly keeping records etc........................ 67

8R.......................... Penalties for offences against sections 8N and 8Q........... 67

8S.......................... Election to treat offence otherwise than as prescribed taxation offence    68

8T.......................... Incorrectly keeping records with intention of deceiving or misleading etc.              68

8U......................... Falsifying or concealing identity with intention of deceiving or misleading etc.       69

8V......................... Penalties for offences against sections 8T and 8U............ 70

8W......................... Court may order payment of amount in addition to penalty 70

Subdivision BAA—Offences relating to electronic sales suppression tools 74

8WAA................... Object of this Subdivision................................................ 74

8WAB................... Interpretation..................................................................... 74

8WAC................... Producing or supplying electronic sales suppression tools 75

8WAD................... Possessing electronic sales suppression tools................... 76

8WAE................... Incorrectly keeping records using electronic sales suppression tools       76

Subdivision BA—Offences relating to tax file numbers                                77

8WA...................... Unauthorised requirement etc. that tax file number be quoted  77

8WB...................... Unauthorised recording etc. of tax file number................. 78

8WC...................... Conducting affairs so as to avoid tax file number requirements               79

Subdivision C—Miscellaneous                                                                              81

8XA...................... Unauthorised access to taxation records........................... 81

8Y......................... Liability of officers etc. of corporations............................ 81

8Z.......................... Evidentiary certificate relating to previous convictions..... 82

Division 3—Prosecution of taxation offences                                                84

8ZA....................... Prosecution of taxation offences....................................... 84

8ZB....................... Prosecution may be commenced at any time..................... 85

8ZC....................... Place where offence committed......................................... 85

8ZD....................... Conduct by employees or agents of corporations............. 86

8ZE........................ Civil penalty not payable if prosecution instituted............. 86

8ZF........................ Penalties for corporations................................................. 87

8ZG....................... Enforcement of orders for payment.................................. 87

8ZH....................... Penalties not to relieve from tax........................................ 88

Division 4—Prescribed taxation offences                                                        89

8ZJ........................ Prosecution of prescribed taxation offences...................... 89

8ZK....................... Protection of witnesses..................................................... 90

8ZL........................ Averment.......................................................................... 91

8ZM...................... Evidence of authority to institute proceedings................... 91

8ZN....................... Costs................................................................................. 92

Division 5—Service of summons for prescribed taxation offences    93

9............................ Interpretation..................................................................... 93

10.......................... Service of summons by post............................................. 93

11.......................... Notice of conviction in absentia....................................... 94

12.......................... Notice of intention to issue warrant in default of payment 94

13.......................... Limitation of action to enforce payment of fine................. 95

13A....................... Setting aside of conviction or order.................................. 95

13B........................ Proof of service of summons or notice............................. 98

13C........................ Application of other laws.................................................. 98

Division 6—Setting aside etc. of conviction or order on application of Commissioner                99

13CA..................... Setting aside etc. of conviction or order on application of Commissioner                99

Part IIIA—Co‑operation between Commonwealth and State taxation authorities          101

Division 1—Interpretation                                                                                     101

13D....................... Interpretation................................................................... 101

Division 2—Trans‑border investigations                                                       103

13E........................ State taxation officers may refer matters to Commissioner for investigation            103

13F........................ Access to documents etc................................................. 103

13G....................... Commissioner may obtain information and evidence...... 104

Division 4—Certification by State taxation officer of copies of, and extracts from, documents             106

13K........................ Certification by State taxation officer of copies of, and extracts from, documents   106

Division 5—Australian Taxation Office may perform functions under State/Territory debits tax laws                                                                                                                    108

13L........................ Australian Taxation Office may perform functions under State/Territory debits tax laws        108

Part IVA—Departure from Australia of certain tax debtors                 110

Division 1—Interpretation                                                                                     110

14Q....................... Interpretation................................................................... 110

Division 2—Prohibition and authorisation of departure of certain tax debtors               111

14R........................ Departure from Australia of certain tax debtors prohibited 111

14S........................ Departure prohibition orders........................................... 111

14T........................ Revocation and variation of departure prohibition orders 112

14U....................... Departure authorisation certificates................................. 113

Division 3—Appeals from, and review of, decisions of the Commissioner          116

14V....................... Appeals to courts against making of departure prohibition orders           116

14W....................... Jurisdiction of courts...................................................... 116

14X....................... Orders of court on appeal............................................... 116

14Y....................... Applications for review of certain decisions................... 117

Division 4—Enforcement                                                                                        118

14Z........................ Powers of authorised officers......................................... 118

14ZA..................... Certain tax debtors to produce authority to depart etc..... 119

Part IVC—Taxation objections, reviews and appeals                                 120

Division 1—Introduction                                                                                        120

14ZL...................... Part applies to taxation objections................................... 120

14ZM.................... Division 2—Interpretive................................................. 120

14ZN..................... Division 3—Taxation objections.................................... 120

14ZO..................... Division 4—Tribunal review.......................................... 120

14ZP...................... Division 5—Federal Court appeals................................. 120

Division 2—Interpretive provisions                                                                  121

14ZQ..................... General interpretation provisions.................................... 121

14ZR..................... Taxation decisions covered by single notice to be treated as single decision            122

14ZS...................... Ineligible income tax remission decisions....................... 123

Division 3—Taxation objections                                                                         124

14ZU..................... How taxation objections are to be made.......................... 124

14ZV..................... Limited objection rights in the case of certain amended taxation decisions               124

14ZVA.................. Limited objection rights because of other objections....... 124

14ZVB.................. Objections relating to excess concessional contributions 125

14ZVC.................. Objections relating to non‑concessional contributions.... 126

14ZW.................... When taxation objections are to be made........................ 127

14ZX..................... Commissioner to consider applications for extension of time  133

14ZY..................... Commissioner to decide taxation objections................... 133

14ZYA.................. Person may require Commissioner to make an objection decision           134

14ZYB.................. Requiring Commissioner to make a private ruling.......... 135

14ZZ...................... Person may seek review of, or appeal against, Commissioner’s decision                135

Division 4—AAT review of objection decisions and extension of time refusal decisions             137

14ZZA................... Modified AAT Act to apply........................................... 137

14ZZB................... Sections 27, 28, 41 and 44A of the AAT Act not to apply to certain decisions       137

14ZZC................... Modification of section 29 of the AAT Act.................... 137

14ZZD................... Modification of section 30 of the AAT Act.................... 138

14ZZE................... Hearings before Tribunal to be held in private if applicant so requests    138

14ZZF................... Modification of section 37 of the AAT Act.................... 138

14ZZG................... Modification of section 38 of the AAT Act.................... 139

14ZZJ.................... Modification of section 43 of the AAT Act.................... 140

14ZZK................... Grounds of objection and burden of proof..................... 140

14ZZL................... Implementation of Tribunal decisions............................. 141

14ZZM.................. Pending review not to affect implementation of taxation decisions          141

Division 5—Court appeals against objection decisions                          142

14ZZN................... Time limit for appeals..................................................... 142

14ZZO................... Grounds of objection and burden of proof..................... 142

14ZZP................... Order of court on objection decision............................... 142

14ZZQ................... Implementation of court order in respect of objection decision                142

14ZZR................... Pending appeal not to affect implementation of taxation decisions           143

14ZZS................... Transfer of certain proceedings to Family Court............. 143

Part IVD—Protection for whistleblowers                                                           146

14ZZT................... Disclosures qualifying for protection under this Part...... 146

14ZZU................... Eligible whistleblowers................................................... 147

14ZZV................... Eligible recipients............................................................ 148

14ZZW.................. Confidentiality of whistleblower’s identity..................... 149

14ZZX................... Disclosure that qualifies for protection not actionable etc. 150

14ZZY................... Victimisation prohibited.................................................. 151

14ZZZ................... Compensation and other remedies—circumstances in which an order may be made               152

14ZZZAA............. Detriment........................................................................ 154

14ZZZA................ Compensation and other remedies—orders that may be made 155

14ZZZB................. Identifying information not to be disclosed etc. to courts or tribunals      157

14ZZZC................. Costs only if proceedings instituted vexatiously etc........ 157

14ZZZD................ Interaction between civil proceedings and criminal offences 158

14ZZZE................. Compensation for acquisition of property....................... 158

Part V—Miscellaneous                                                                                                    159

15.......................... Appearance by Commissioner etc................................... 159

15A....................... Certification by Commissioner of copies of, and extracts from, documents             160

15B........................ Recoverable advances..................................................... 162

15C........................ Recoverable payments.................................................... 163

15D....................... Reports about recoverable advances and recoverable payments               165

16.......................... Payments out of Consolidated Revenue Fund................ 167

16A....................... Regulations may provide for methods of payment of tax liabilities etc.    168

16B........................ Certain liabilities to be reduced to nearest multiple of 5 cents.. 169

17.......................... Powers of taxation officers in relation to references to currency etc.        169

17A....................... Powers of Federal Court and Federal Circuit Court in respect of taxation matters   170

18.......................... Regulations..................................................................... 171

Schedule 1—Collection and recovery of income tax and other liabilities               172

Chapter 2—Collection, recovery and administration of income tax  172

Part 2‑1—Introduction to the Pay as you go (PAYG) system            172

Division 6Guide to Parts 2‑5 and 2‑10                                                          172

6‑1......................... What Parts 2‑5 and 2‑10 are about.................................. 172

6‑5......................... The Pay as you go (PAYG) system............................... 172

6‑10....................... How the amounts collected are dealt with....................... 173

Part 2‑5—Pay as you go (PAYG) withholding                                           174

Division 10Guide to Part 2‑5                                                                           174

10‑1....................... What this Part is about.................................................... 174

10‑5....................... Summary of withholding payments................................ 174

Division 11—Preliminary matters                                                                    177

11‑1....................... Object of this Part........................................................... 177

11‑5....................... Constructive payment..................................................... 177

Division 12—Payments from which amounts must be withheld                 179

Subdivision 12‑A—General rules                                                                       179

12‑1....................... General exceptions.......................................................... 179

12‑5....................... What to do if more than one provision requires a withholding 181

12‑7....................... Division does not apply to alienated personal services payments             182

12‑10..................... Division does not apply to non‑cash benefits................. 183

12‑20..................... Application of Division and regulations to non‑share dividends              183

Subdivision 12‑B—Payments for work and services                                    183

12‑35..................... Payment to employee...................................................... 184

12‑40..................... Payment to company director.......................................... 184

12‑45..................... Payment to office holder................................................. 184

12‑47..................... Payment to religious practitioners................................... 185

12‑50..................... Return to work payment................................................. 185

12‑55..................... Voluntary agreement to withhold.................................... 185

12‑60..................... Payment under labour hire arrangement, or specified by regulations       186

Subdivision 12‑C—Payments for retirement or because of termination of employment            187

12‑80..................... Superannuation income streams and annuities................ 187

12‑85..................... Superannuation lump sums and payments for termination of employment              187

12‑90..................... Unused leave payments.................................................. 188

Subdivision 12‑D—Benefit and compensation payments                             188

12‑110................... Social Security or other benefit payment......................... 188

12‑115................... Commonwealth education or training payment............... 189

12‑120................... Compensation, sickness or accident payment................. 189

Subdivision 12‑E—Payments where TFN or ABN not quoted                    189

Payment in respect of investment                                                                       190

12‑140................... Recipient does not quote tax file number........................ 190

12‑145................... Investor becoming presently entitled to income of a unit trust  191

12‑150................... Limited application of section 12‑140 to payment under financial arrangement       192

12‑152................... Limited application of section 12‑140 to payment covered by section 12A‑205      193

12‑155................... When investor may quote ABN as alternative................ 193

12‑160................... Investment body unaware that exemption from quoting TFN has stopped applying                194

12‑165................... Exception for fully franked dividend.............................. 194

12‑170................... Exception for payments below thresholds set by regulations 194

Payment of income of closely held trust where TFN not quoted                195

12‑175................... Trustee distributes income of closely held trust.............. 195

12‑180................... Beneficiary becomes presently entitled to income of closely held trust    197

12‑185................... Exception for payments below thresholds set by regulations 198

Payment for a supply                                                                                            198

12‑190................... Recipient does not quote ABN....................................... 198

Subdivision 12‑F—Dividend, interest and royalty payments                      201

Dividends                                                                                                                  202

12‑210................... Dividend payment to overseas person............................ 202

12‑215................... Dividend payment received for foreign resident............. 203

12‑220................... Application to part of a dividend..................................... 203

12‑225................... Application to distribution by a liquidator or other person 203

Interest                                                                                                                      204

12‑245................... Interest payment to overseas person............................... 204

12‑250................... Interest payment received for foreign resident................ 204

12‑255................... Interest payment derived by lender in carrying on business through overseas permanent establishment 205

12‑260................... Lender to notify borrower if interest derived through overseas permanent establishment        205

Royalties                                                                                                                   206

12‑280................... Royalty payment to overseas person............................... 206

12‑285................... Royalty payment received for foreign resident................ 206

General                                                                                                                     207

12‑300................... Limits on amount withheld under this Subdivision......... 207

Subdivision 12‑FA—Departing Australia superannuation payments       207

12‑305................... Departing Australia superannuation payment................. 208

12‑310................... Limits on amount withheld under this Subdivision......... 208

Subdivision 12‑FAA—Excess untaxed roll‑over amount                             208

12‑312................... Untaxed roll‑over superannuation benefits..................... 208

12‑313................... Limits on amount withheld under this Subdivision......... 208

Subdivision 12‑FB—Payments to foreign residents etc.                               209

12‑315................... Payment to foreign resident etc....................................... 209

12‑317................... Payment received for foreign resident etc....................... 210

12‑319................... Exemptions from withholding obligations under this Subdivision           212

Subdivision 12‑FC—Seasonal Labour Mobility Program                          213

12‑319A................ Payment to employee...................................................... 213

Subdivision 12‑G—Payments in respect of mining on Aboriginal land, and natural resources                213

Mining on Aboriginal land                                                                                  214

12‑320................... Mining payment.............................................................. 214

Natural resources                                                                                                   214

12‑325................... Natural resource payment............................................... 214

12‑330................... Payer must ask Commissioner how much to withhold... 215

12‑335................... Commissioner may exempt from section 12‑330, subject to conditions   215

Subdivision 12‑H—Distributions of withholding MIT income                   216

Guide to Subdivision 12‑H                                                                                   216

12‑375................... What this Subdivision is about....................................... 216

Operative provisions                                                                                             218

12‑383................... Meaning of withholding MIT.......................................... 218

12‑385................... Withholding by withholding MITs................................. 219

12‑390................... Withholding by custodians and other entities.................. 220

12‑395................... Requirement to give notice or make information available 223

12‑405................... Meaning of fund payment—general case........................ 226

12‑410................... Entity to whom payment is made.................................... 229

12‑415................... Failure to give notice or make information available: administrative penalty            229

12‑420................... Agency rules................................................................... 230

12‑425................... Meaning of clean building managed investment trust.... 230

12‑430................... Meaning of clean building.............................................. 231

12‑435................... Meaning of non‑concessional MIT income.................... 232

12‑436................... Meaning of asset entity, operating entity, cross staple arrangement and stapled entity           232

12‑437................... Meaning of MIT cross staple arrangement income....... 234

12‑438................... MIT cross staple arrangement income—de minimis exception                236

12‑439................... MIT cross staple arrangement income—approved economic infrastructure facility exception 237

12‑440................... Transitional—MIT cross staple arrangement income...... 239

12‑441................... Integrity rule—concessional cross staple rent cap........... 242

12‑442................... Meaning of excepted MIT CSA income........................... 243

12‑443................... Concessional cross staple rent cap—existing lease with specified rent or rent method            243

12‑444................... Concessional cross staple rent cap—general................... 244

12‑445................... Asset entity to allocate deductions first against rental income that is not MIT cross staple arrangement income........................................................................................ 245

12‑446................... Meaning of MIT trading trust income............................ 246

12‑447................... Transitional—MIT trading trust income......................... 247

12‑448................... Meaning of MIT agricultural income, Australian agricultural land for rent and Division 6C land        248

12‑449................... Transitional—MIT agricultural income........................... 249

12‑450................... Meaning of MIT residential housing income.................. 251

12‑451................... Transitional—MIT residential housing income............... 252

12‑452................... Meaning of residential dwelling asset............................ 253

12‑453................... MIT agricultural income and MIT residential housing income—capital gains in relation to membership interests........................................................................... 254

Subdivision 12‑J—FHSS released amounts                                                     256

12‑460................... FHSS released amounts.................................................. 256

Division 12A—Distributions by AMITs (including deemed payments)    257

Guide to Division 12A                                                                                           257

12A‑1.................... What this Division is about............................................. 257

Subdivision 12A‑A—Distributions by AMITs relating to dividend, interest and royalties          258

Guide to Subdivision 12A‑A                                                                                 258

12A‑5.................... What this Subdivision is about....................................... 258

Operative provisions                                                                                             258

12A‑10.................. Deemed payments—no obligation to withhold under Subdivision 12‑F (dividend, interest and royalty payments)....................................................................... 258

12A‑15.................. Dividend, interest or royalty payments relating to AMIT—requirement to give notice or make information available.......................................................................... 259

12A‑20.................. Failure to give notice or make information available under section 12A‑15: administrative penalty         262

12A‑25.................. Meaning of AMIT DIR payment..................................... 262

12A‑30.................. Meaning of AMIT dividend payment.............................. 263

12A‑35.................. Meaning of AMIT interest payment................................ 264

12A‑40.................. Meaning of AMIT royalty payment................................. 265

Subdivision 12A‑B—Distributions by AMITs relating to Subdivision 12‑H fund payments       266

Guide to Subdivision 12A‑B                                                                                 266

12A‑100................ What this Subdivision is about....................................... 266

Operative provisions                                                                                             266

12A‑105................ Deemed payments—no obligation to withhold under Subdivision 12‑H 266

12A‑110................ Meaning of fund payment—AMITs............................... 267

Subdivision 12A‑C—Deemed payments by AMITs etc.                                271

Guide to Subdivision 12A‑C                                                                                 271

12A‑200................ What this Subdivision is about....................................... 271

Operative provisions                                                                                             272

12A‑205................ Issue of AMMA statement etc. deemed to be payment... 272

12A‑210................ Post‑AMMA actual payment and pre‑AMMA actual payment in respect of deemed payment  274

12A‑215................ AMIT payment to the Commissioner in respect of deemed payments to offshore entities etc. 275

12A‑220................ Custodian payment to the Commissioner in respect of deemed payments to offshore entities etc.           276

Division 13—Alienated personal services payments                                     279

13‑1....................... Object of this Division.................................................... 279

13‑5....................... Payment to the Commissioner in respect of alienated personal services payments   279

13‑10..................... Alienated personal services payments............................. 282

13‑15..................... Personal services payment remitters............................... 283

13‑20..................... Time for payments to Commissioner for alienated personal services payments made during 2000‑01    284

Division 14—Benefits, gains and taxable supplies for which amounts must be paid to the Commissioner             285

Subdivision 14‑A—Non‑cash benefits                                                               285

14‑1....................... Object of this Subdivision.............................................. 285

14‑5....................... Provider of non‑cash benefit must pay amount to the Commissioner if payment would be subject to withholding..................................................................... 285

14‑10..................... Dividend, interest or royalty received, for a foreign resident, in the form of a non‑cash benefit              286

14‑15..................... Payer can recover amount paid to the Commissioner...... 287

Subdivision 14‑B—Accruing gains                                                                    287

14‑50..................... Object of this Subdivision.............................................. 287

14‑55..................... Liability for TFN withholding tax................................... 288

14‑60..................... Investment body may recover TFN withholding tax from investor          289

14‑65..................... Application of rules in Division 18................................. 289

14‑75..................... Overpayment of TFN withholding tax............................ 290

14‑85..................... Other laws do not exempt from TFN withholding tax.... 290

Subdivision 14‑C—Shares and rights under employee share schemes     291

14‑155................... Liability for TFN withholding tax (ESS)........................ 291

14‑160................... Employer may give individual tax file numbers to provider 292

14‑165................... Provider may recover TFN withholding tax (ESS) from individual         292

14‑170................... Application of rules in Division 18................................. 293

14‑175................... Overpayment of TFN withholding tax (ESS)................. 293

14‑180................... Application of certain provisions of Division 83A of the Income Tax Assessment Act 1997  293

Subdivision 14‑D—Capital proceeds involving foreign residents and taxable Australian property        294

14‑200................... Certain acquisitions of taxable Australian property from foreign residents              294

14‑205................... Effect of look‑through earnout rights.............................. 295

14‑210................... Whether an entity is a relevant foreign resident............... 296

14‑215................... Excluded transactions..................................................... 298

14‑220................... Commissioner clearance certificates................................ 300

14‑225................... Entity declarations........................................................... 300

14‑230................... Administrative penalties for false or misleading declarations 301

14‑235................... Varying amounts to be paid to the Commissioner.......... 302

Subdivision 14‑E—GST payable on taxable supplies of certain real property              303

14‑250................... Recipients of certain taxable supplies of real property must pay amounts to Commissioner    304

14‑255................... Notification by suppliers of residential premises etc....... 306

Division 15—Working out the amount to withhold                                       309

Guide to Division 15                                                                                              309

15‑1....................... What this Division is about............................................. 309

Subdivision 15‑A—Working out how much to withhold                              309

15‑10..................... How much to withhold................................................... 310

15‑15..................... Variation of amounts required to be withheld................. 310

Subdivision 15‑B—Withholding schedules and regulations                        311

15‑25..................... Commissioner’s power to make withholding schedules. 311

15‑30..................... Matters to be considered when making withholding schedules                312

15‑35..................... Regulations about withholding....................................... 314

Subdivision 15‑C—Declarations                                                                        314

15‑50..................... Declarations.................................................................... 314

Division 16—Payer’s obligations and rights                                                   317

Guide to Division 16                                                                                              317

16‑1....................... What this Division is about............................................. 317

Subdivision 16‑A—To withhold                                                                          317

When to withhold                                                                                                    318

16‑5....................... When to withhold an amount.......................................... 318

16‑7....................... Treat entity obliged to pay under Subdivision 12A‑C as having withheld amount under Division 12     318

16‑20..................... Payer discharged from liability to recipient for amount withheld             319

Penalties for not withholding                                                                              319

16‑25..................... Failure to withhold: offence............................................ 319

16‑30..................... Failure to withhold: administrative penalty for entity other than exempt Australian government agency 320

16‑35..................... Failure to withhold: administrative penalty for exempt Australian government agency in relation to payment other than dividend, interest or royalty............................ 321

16‑40..................... Failure to withhold: administrative penalty for exempt Australian government agency in relation to dividend, interest or royalty payment.............................................. 322

16‑43..................... Failure to withhold: administrative penalty for exempt Australian government agency in relation to payment to foreign resident etc.......................................................... 322

Subdivision 16‑B—To pay withheld amounts to the Commissioner         323

When and how to pay amounts to the Commissioner                                    323

16‑70..................... Entity to pay amounts to Commissioner......................... 323

16‑75..................... When amounts must be paid to Commissioner............... 324

16‑80..................... Penalty for failure to pay within time.............................. 326

16‑85..................... How amounts are to be paid........................................... 326

Who is a large, medium or small withholder                                                  327

16‑95..................... Meaning of large withholder.......................................... 327

16‑100................... Meaning of medium withholder...................................... 328

16‑105................... Meaning of small withholder.......................................... 328

16‑110................... Commissioner may vary withholder’s status downwards 328

16‑115................... Commissioner may vary withholder’s status upwards... 329

Subdivision 16‑BA—To be registered                                                               330

Registration of withholders                                                                                 331

16‑140................... Withholders must be registered....................................... 331

16‑141................... Registration and cancellation........................................... 332

Branch registration                                                                                               332

16‑142................... Branches may be registered............................................ 332

16‑143................... Separate amounts for entities and branches..................... 333

16‑144................... Cancellation of branch registration.................................. 333

16‑145................... Effect on branches of cancelling the entity’s registration 333

Registration of employers of working holiday makers                                334

16‑146................... Employers of working holiday makers must be registered 334

16‑147................... Registering employers of working holiday makers......... 334

16‑148................... Cancelling the registration of employers of working holiday makers       336

Subdivision 16‑C—To provide information                                                   338

To the Commissioner                                                                                            338

16‑150................... Commissioner must be notified of amounts.................... 338

16‑152................... Annual reports—Withholding payments covered by section 12‑175       339

16‑153................... Annual reports—other payments.................................... 340

To recipients of withholding payments                                                             343

16‑155................... Annual payment summary.............................................. 343

16‑156................... Annual payment summary for sections 12‑175 and 12‑180 345

16‑157................... Payment summary for Subdivision 12‑H....................... 345

16‑160................... Part‑year payment summary........................................... 346

16‑165................... Payment summaries for superannuation lump sums and payments for termination of employment         347

16‑166................... Payment summary for a departing Australia superannuation payment     348

16‑167................... Payment summary for payment to recipient who does not quote ABN    348

16‑170................... Form and content of payment summary.......................... 349

16‑175................... Penalty for not providing payment summary.................. 350

16‑180................... Commissioner may exempt entity from giving payment summary           351

16‑182................... Definition of reportable employer superannuation contribution             351

Subdivision 16‑D—Additional rights and obligations of entity that makes a payment                352

16‑195................... Payer’s right to recover amounts of penalty: certain withholding taxes    352

Division 18—Recipient’s entitlements and obligations                                 354

Subdivision 18‑A—Crediting withheld amounts                                            354

Guide to Subdivision 18‑A                                                                                    354

18‑1....................... What this Subdivision is about....................................... 354

General exception                                                                                                  356

18‑5....................... No credit for refunded amount........................................ 356

Entitlement to credits: income tax liability                                                     356

18‑10..................... Application of sections 18‑15, 18‑20 and 18‑25............. 356

18‑15..................... Tax credit for recipient of withholding payments............ 357

18‑20..................... Tax credit where recipient is a partnership...................... 357

18‑25..................... Tax credit where recipient is a trust................................. 358

18‑27..................... Tax credit for alienated personal services payments........ 360

Entitlement to credits: dividend, interest or royalty, amount attributable to fund payment or Seasonal Labour Mobility Program                                                                    360

18‑30..................... Credit: dividend, interest or royalty................................. 360

18‑32..................... Credit: amount attributable to fund payment................... 361

18‑33..................... Credit: Seasonal Labour Mobility Program.................... 362

18‑35..................... Credit: penalty under section 12‑415, 16‑30, 16‑35 or 16‑40 or related general interest charge               362

18‑40..................... Credit: liability under Part 4‑25....................................... 364

Entitlement to credit: departing Australia superannuation payment       366

18‑42..................... Credit—departing Australia superannuation payment..... 366

Entitlement to credit: mining payment                                                             367

18‑45..................... Credit—mining payment................................................. 367

Entitlement to credit: Petroleum resource rent tax                                       368

18‑55..................... Credit—Natural resource payments................................ 368

Entitlement to credit: taxable supply of real property                                 368

18‑60..................... Credit—payment relating to taxable supply of real property 368

Subdivision 18‑B—Refund of certain withheld amounts                             369

18‑65..................... Refund of withheld amounts by the payer to the recipient 369

18‑70..................... Refund of withheld amounts by the Commissioner to the recipient         372

18‑80..................... Refund by Commissioner of amount withheld from payment in respect of investment           374

18‑85..................... Refund by Commissioner of amount withheld from payment in respect of supply of real property        375

Subdivision 18‑C—Recipient’s obligations                                                      375

18‑100................... Obligation to keep payment summary............................. 375

Subdivision 18‑D—Directors etc. of non‑complying companies                376

Object of Subdivision                                                                                            377

18‑120................... Object of Subdivision..................................................... 377

PAYG withholding non‑compliance tax                                                           377

18‑125................... Directors of non‑complying companies.......................... 377

18‑130................... Directors of non‑complying companies—tax reduced in certain circumstances       379

18‑135................... Associates of directors of non‑complying companies..... 380

18‑140................... Notices............................................................................ 384

18‑145................... When PAYG withholding non‑compliance tax must be paid.. 385

18‑150................... General interest charge payable on unpaid PAYG withholding non‑compliance tax               386

18‑155................... Validity of decisions and evidence.................................. 386

18‑160................... Rights of indemnity and contribution.............................. 387

Credits for later compliance                                                                               388

18‑165................... Credits for later compliance—scope............................... 388

18‑170................... Credits for later compliance—Commissioner must give notice in certain circumstances          388

18‑175................... Credits for later compliance—Commissioner may give notice 390

18‑180................... Effect of earlier credits.................................................... 391

Other provisions                                                                                                     392

18‑185................... When Commissioner may give notice............................. 392

18‑190................... Review of decisions........................................................ 393

Division 20—Other matters                                                                                 394

Subdivision 20‑B—Offences                                                                                394

20‑35..................... Offences......................................................................... 394

20‑40..................... Joining of charges........................................................... 395

20‑45..................... Offences that would otherwise be committed by a partnership or unincorporated company    396

Subdivision 20‑D—Review of decisions                                                            397

20‑80..................... Reviewable decisions...................................................... 397

Division 21—Entitlements relating to insolvent ADIs and general insurers 399

Guide to Division 21                                                                                              399

21‑1....................... What this Division is about............................................. 399

Subdivision 21‑A—Treatment of some payments by APRA                       399

21‑5....................... APRA treated like ADI or general insurance company.. 399

Part 2‑10—Pay as you go (PAYG) instalments                                          401

Division 45—Instalment payments                                                                    401

Guide to Division 45                                                                                              402

45‑1....................... What this Division is about............................................. 402

Subdivision 45‑A—Basic rules                                                                            403

45‑5....................... Object of this Part........................................................... 403

45‑10..................... Application of Part.......................................................... 405

45‑15..................... Liability for instalments.................................................. 405

45‑20..................... Information to be given to the Commissioner by certain payers               406

45‑25..................... Penalty for failure to notify Commissioner..................... 407

45‑30..................... Credit for instalments payable......................................... 407

Subdivision 45‑B—When instalments are due                                                408

45‑50..................... Liability to pay instalments............................................. 408

45‑60..................... Meaning of instalment quarter....................................... 409

45‑61..................... When quarterly instalments are due—payers of quarterly instalments     410

45‑65..................... Meaning of instalment month......................................... 411

45‑67..................... When monthly instalments are due—payers of monthly instalments       411

45‑70..................... When annual instalments are due.................................... 412

45‑72..................... Means of payment of instalment..................................... 412

45‑75..................... Instalments recoverable in same way as income tax........ 412

45‑80..................... General interest charge on late payment.......................... 412

45‑90..................... Commissioner may withdraw instalment rate................. 412

Subdivision 45‑C—Working out instalment amounts                                   413

45‑110................... How to work out amount of quarterly instalment on instalment income basis         413

45‑112................... Amount of instalment for quarterly payer who pays on basis of GDP‑adjusted notional tax   414

45‑114................... How to work out amount of monthly instalment............ 415

45‑115................... How to work out amount of annual instalment............... 416

45‑120................... Meaning of instalment income........................................ 417

Subdivision 45‑D—Quarterly payers                                                                421

45‑125................... Quarterly payer who pays instalments on the basis of instalment income                421

45‑130................... Quarterly payer who pays on the basis of GDP‑adjusted notional tax     423

45‑132................... Quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax 425

45‑134................... Quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax 426

Subdivision 45‑DA—Monthly payers                                                                428

45‑136................... Monthly payer................................................................ 428

45‑138................... Monthly payer requirement............................................. 429

Subdivision 45‑E—Annual payers                                                                     430

When you start and stop being an annual payer                                            431

45‑140................... Choosing to pay annual instalments................................ 431

45‑145................... Meaning of instalment group......................................... 432

45‑150................... Entity stops being annual payer if involved with GST registration or instalment group           433

45‑155................... Entity stops being annual payer if notional tax is $8,000 or more, or entity chooses to pay quarterly      434

45‑160................... Head company of a consolidated group stops being annual payer           435

Subdivision 45‑F—Varying the instalment rate for quarterly or monthly payers who pay on the basis of instalment income                                                                                         435

45‑200................... Application..................................................................... 436

45‑205................... Choosing a varied instalment rate................................... 436

45‑210................... Notifying Commissioner of varied instalment rate.......... 437

45‑215................... Credit on using varied rate in certain cases..................... 437

Subdivision 45‑G—General interest charge payable in certain cases if instalments are too low              438

45‑225................... Effect of Subdivision in relation to monthly payers........ 438

45‑230................... Liability to GIC on shortfall in quarterly instalment worked out on the basis of varied rate     439

45‑232................... Liability to GIC on shortfall in quarterly instalment worked out on the basis of estimated benchmark tax........................................................................................ 440

45‑233................... Reduction in GIC liability under section 45‑232 if shortfall is made up in later instalment      449

45‑235................... Liability to GIC on shortfall in annual instalment........... 450

45‑240................... Commissioner may remit general interest charge............ 452

Subdivision 45‑H—Partnership income                                                           452

45‑260................... Instalment income for a period in which you are in a partnership            452

Subdivision 45‑I—Trust income included in instalment income of beneficiary            453

45‑280................... Instalment income for a period in which you are a beneficiary of a trust  454

45‑285................... Instalment income includes distributions by certain resident unit trusts   456

45‑286................... Instalment income includes distributions by certain managed investment trusts       458

45‑287................... When trusts are disqualified due to concentrated ownership 458

45‑288................... Resident investment trusts for beneficiaries who are absolutely entitled  460

45‑290................... Exceptions to exclusion of trust capital gains from beneficiary’s instalment income                461

Subdivision 45‑J—How Commissioner works out your instalment rate and notional tax          461

45‑320................... Working out instalment rate............................................ 461

45‑325................... Working out your notional tax........................................ 462

45‑330................... Working out your adjusted taxable income.................... 464

45‑335................... Working out your adjusted withholding income............. 466

45‑340................... Adjusted tax on adjusted taxable income or on adjusted withholding income           466

Subdivision 45‑K—How Commissioner works out your benchmark instalment rate and benchmark tax             469

45‑355................... When Commissioner works out benchmark instalment rate and benchmark tax      469

45‑360................... How Commissioner works out benchmark instalment rate 470

45‑365................... Working out your benchmark tax................................... 470

45‑370................... Working out your adjusted assessed taxable income for the variation year             471

45‑375................... Adjusted assessed tax on adjusted assessed taxable income 472

Subdivision 45‑L—How Commissioner works out amount of quarterly instalment on basis of GDP‑adjusted notional tax                                                                                                 475

45‑400................... Working out amount of instalment—payers of 4 quarterly instalments    475

45‑402................... Working out amount of instalment—payers of 2 quarterly instalments    477

45‑405................... Working out your GDP‑adjusted notional tax................ 479

Subdivision 45‑M—How amount of quarterly instalment is worked out on basis of your estimate of your benchmark tax                                                                                                 480

45‑410................... Working out amount of instalment—payers of 4 quarterly instalments    481

45‑412................... Working out amount of instalment—payers of 2 quarterly instalments    482

45‑415................... Estimating your benchmark tax....................................... 484

45‑420................... Credit in certain cases where amount of instalment is nil 485

Subdivision 45‑N—How this Part applies to the trustee of a trust             486

Trustees to whom this Part applies                                                                    486

45‑450................... Trustees to whom a single instalment rate is given......... 486

45‑455................... Trustees to whom several instalment rates are given....... 487

45‑460................... Rest of Subdivision applies only to multi‑rate trustees... 488

45‑465................... Meaning of instalment income........................................ 488

45‑468................... Multi‑rate trustee may pay quarterly instalments............. 489

How Commissioner works out instalment rate and notional tax for a multi‑rate trustee            489

45‑470................... Working out instalment rate............................................ 489

45‑473................... Commissioner must notify you of notional tax............... 490

45‑475................... Working out your notional tax........................................ 490

45‑480................... Working out your adjusted taxable income.................... 491

45‑483................... Meaning of reduced beneficiary’s share and reduced no beneficiary’s share         491

45‑485................... Working out your adjusted withholding income............. 492

How Commissioner works out benchmark instalment rate and benchmark tax for a multi‑rate trustee                493

45‑525................... When Commissioner works out benchmark instalment rate and benchmark tax      493

45‑530................... How Commissioner works out benchmark instalment rate 493

45‑535................... Working out your benchmark tax................................... 494

Subdivision 45‑P—Anti‑avoidance rules                                                          494

45‑595................... Object of this Subdivision.............................................. 495

45‑597................... Effect of Subdivision in relation to instalment months.... 495

45‑600................... General interest charge on tax benefit relating to instalments 495

45‑605................... When do you get a tax benefit from a scheme?............... 497

45‑610................... What is your tax position for an income year?................ 498

45‑615................... What is your hypothetical tax position for an income year? 500

45‑620................... Amount on which GIC is payable, and period for which it is payable     500

45‑625................... Credit if you also got a tax detriment from the scheme... 501

45‑630................... When do you get a tax detriment from a scheme?........... 502

45‑635................... No tax benefit or detriment results from choice for which income tax law expressly provides                503

45‑640................... Commissioner may remit general interest charge in special cases            505

Subdivision 45‑Q—General rules for consolidated groups                         505

Guide to Subdivision 45‑Q                                                                                   505

45‑700................... What this Subdivision is about....................................... 505

Application of Subdivision                                                                                   506

45‑703................... Effect of this Subdivision and Subdivision 45‑R in relation to monthly payers       506

45‑705................... Application of Subdivision to head company................. 507

Usual operation of this Part for consolidated group members                  511

45‑710................... Single entity rule............................................................. 511

45‑715................... When instalments are due—modification of section 45‑61 512

45‑720................... Head company cannot be an annual payer—modification of section 45‑140           512

Membership changes                                                                                             512

45‑740................... Change of head company................................................ 512

45‑755................... Entry rule (for an entity that becomes a subsidiary member of a consolidated group)              515

45‑760................... Exit rule (for an entity that ceases to be a subsidiary member of a consolidated group)           516

45‑775................... Commissioner’s power to work out different instalment rate or GDP‑adjusted notional tax   518

Subdivision 45‑R—Special rules for consolidated groups                           520

Guide to Subdivision 45‑R                                                                                    520

45‑850................... What this Subdivision is about....................................... 520

Operative provisions                                                                                             521

45‑855................... Section 701‑1 disregarded for certain purposes.............. 521

45‑860................... Member having a different instalment period.................. 521

45‑865................... Credit rule....................................................................... 522

45‑870................... Head company’s liability to GIC on shortfall in quarterly instalment       524

45‑875................... Other rules about the general interest charge................... 527

45‑880................... Continued application of Subdivision 45‑Q to the head company of an acquired group          528

45‑885................... Early application of Subdivision 45‑Q to the head company of a new group           530

Subdivision 45‑S—MEC groups                                                                         531

Guide to Subdivision 45‑S                                                                                    531

45‑900................... What this Subdivision is about....................................... 531

Preliminary      532

45‑905................... Objects of Subdivision................................................... 532

General modification rules                                                                                  533

45‑910................... Extended operation of Part to cover MEC groups.......... 533

Extended operation of Subdivision 45‑Q                                                         534

45‑913................... Sections 45‑705 and 45‑740 do not apply to members of MEC groups  534

45‑915................... Application of Subdivision 45‑Q to provisional head company               534

45‑917................... Assumption for applying section 45‑710 (single entity rule) 538

45‑920................... Change of provisional head company............................. 538

45‑922................... Life insurance company.................................................. 541

Extended operation of Subdivision 45‑R                                                          542

45‑925................... Additional modifications of sections 45‑855 and 45‑860 542

45‑930................... Modifications of sections 45‑865 and 45‑870 and a related provision     542

45‑935................... Additional modifications of section 45‑885.................... 543

Part 2‑15—Returns and assessments                                                               544

Division 70Tax receipts                                                                                    544

Guide to Division 70                                                                                              545

70‑1....................... What this Division is about............................................. 544

Subdivision 70‑A—Tax receipts                                                                         544

70‑5....................... Tax receipt to be provided to certain individual taxpayers 545

Part 2‑30—Collecting Medicare levy with income tax                           547

Division 90Medicare levy and Medicare levy surcharge                        547

Subdivision 90‑A—Treatment like income tax                                               547

90‑1....................... Laws apply in relation to Medicare levy and Medicare levy surcharge as they apply in relation to income tax........................................................................................ 547

Part 2‑35—Excess superannuation contributions                                     548

Division 95—Excess concessional contributions charge                              548

Guide to Division 95                                                                                              549

95‑1....................... What this Division is about............................................. 548

Subdivision 95‑A—Object of Division                                                              548

95‑5....................... Object of Division.......................................................... 548

Subdivision 95‑B—Excess concessional contributions charge                   549

95‑10..................... Liability to excess concessional contributions charge..... 549

95‑15..................... Amount of excess concessional contributions charge..... 550

95‑20..................... When excess concessional contributions charge is due and payable        550

95‑25..................... General interest charge.................................................... 551

Division 97—Excess contributions determinations                                       552

Subdivision 97‑A—Excess concessional contributions determinations    552

Guide to Subdivision 97‑A                                                                                    552

97‑1....................... What this Subdivision is about....................................... 552

Operative provisions                                                                                             552

97‑5....................... Determination of excess concessional contributions and charge              552

97‑10..................... Review............................................................................ 553

Subdivision 97‑B—Excess non‑concessional contributions determinations 553

Guide to Subdivision 97‑B                                                                                    553

97‑20..................... What this Subdivision is about....................................... 553

Operative provisions                                                                                             554

97‑25..................... Excess non‑concessional contributions determinations... 554

97‑30..................... Associated earnings........................................................ 554

97‑35..................... Review............................................................................ 555


An Act to provide for the administration of certain Acts relating to Taxation, and for purposes connected therewith

Part IPreliminary

  

1  Short title

                   This Act may be cited as the Taxation Administration Act 1953.

2  Interpretation

             (1)  In this Act (except Schedule 1), unless the contrary intention appears:

approved form has the meaning given by Schedule 1.

ASIO means the Australian Security Intelligence Organisation.

assessable amount has the meaning given by subsection 155‑5(2) in Schedule 1.

Australia, when used in a geographical sense, has the same meaning as in the Income Tax Assessment Act 1997.

Commissioner means the Commissioner of Taxation.

Deputy Commissioner means any Deputy Commissioner of Taxation.

Director‑General of Security means the Director‑General of Security holding office under the Australian Security Intelligence Organisation Act 1979.

eligible recipient has the meaning given by section 14ZZV.

eligible whistleblower has the meaning given by section 14ZZU.

engage in conduct means:

                     (a)  do an act; or

                     (b)  omit to perform an act.

excess concessional contributions determination has the same meaning as in subsection 995‑1(1) of the Income Tax Assessment Act 1997.

excise law has the meaning given by the Income Tax Assessment Act 1997.

exempt Australian government agency has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.

failure to notify penalty means the penalty worked out under Division 2 of Part IIA.

fuel tax law has the meaning given by the Fuel Tax Act 2006.

general interest charge means the charge worked out under Part IIA.

Immigration Department has the meaning given by the Income Tax Assessment Act 1997.

Immigration Secretary has the meaning given by the Income Tax Assessment Act 1997.

indirect tax law has the meaning given by the Income Tax Assessment Act 1997.

ineligible income tax remission decision has the meaning given by section 14ZS.

late reconciliation statement penalty means the penalty worked out under Division 3 of Part IIA.

migration officer means:

                     (a)  the Immigration Secretary; or

                     (b)  an employee of the Immigration Department.

objection decision has the meaning given by subsection 14ZY(2).

officer means a person appointed or engaged under the Public Service Act 1999.

private indirect tax ruling means a private ruling, to the extent that it relates to an indirect tax law (other than the fuel tax law).

private ruling has the meaning given by section 359‑5 in Schedule 1.

registered tax agent or BAS agent has the same meaning as in the Tax Agent Services Act 2009.

Second Commissioner means a Second Commissioner of Taxation.

taxation law has the meaning given by the Income Tax Assessment Act 1997.

Note:          See also subsection (2).

tax liability means a liability to the Commonwealth arising under, or by virtue of, a taxation law.

Tribunal means the Administrative Appeals Tribunal.

             (2)  Despite the definition of taxation law in subsection (1), an Excise Act (as defined in subsection 4(1) of the Excise Act 1901) is not a taxation law for the purposes of Part III of this Act.

2A  Application of the Criminal Code

                   Chapter 2 of the Criminal Code applies to all offences against this Act.

Note:          Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

2B  Act binds the Crown

                   This Act binds the Crown in each of its capacities. However, it does not make the Crown liable to a pecuniary penalty or to be prosecuted for an offence.

3  Application

                   This Act extends to every external Territory referred to in the definition of Australia.

3AA  Schedule 1

             (1)  Schedule 1 has effect.

Definitions in Schedule 1 do not apply to rest of Act

          (1A)  So far as a provision in Schedule 1 gives an expression a particular meaning, the provision does not also have effect for the purposes of this Act (other than Schedule 1), except as provided in this Act (other than Schedule 1).

Application of interpretation provisions of Income Tax Assessment Act 1997

             (2)  An expression has the same meaning in Schedule 1 as in the Income Tax Assessment Act 1997.

             (3)  Division 950 of the Income Tax Assessment Act 1997 (which contains rules for interpreting that Act) applies to Schedule 1 to this Act as if the provisions in that Schedule were provisions of that Act.

Part IAAdministration

  

3A  General administration of Act

                   The Commissioner has the general administration of this Act.

Note:          An effect of this provision is that people who acquire information under this Act are subject to the confidentiality obligations and exceptions in Division 355 in Schedule 1.

3B  Annual report

             (1)  The Commissioner shall, as soon as practicable after 30 June in each year, prepare and furnish to the Minister a report on the working of this Act.

       (1AA)  A report under subsection (1) in relation to a year ending on 30 June shall:

                     (b)  set out:

                              (i)  the number of occasions (if any) during the year on which a request was made to disclose information under subsection 355‑55(1) in Schedule 1 (about disclosures to Ministers); and

                             (ii)  the number of occasions (if any) during the year on which information was disclosed under that subsection; and

                            (iii)  the Ministers to whom the information was disclosed; and

                     (c)  set out:

                              (i)  the number of occasions (if any) during the year on which a request was made to disclose information under subsection 355‑70(1) in Schedule 1 (about disclosures for law enforcement and related purposes); and

                             (ii)  the number of occasions (if any) during the year on which information was disclosed under that subsection; and

                            (iii)  the types of entities and the names of the courts and tribunals to which the information was disclosed; and

                            (iv)  if the information was disclosed under table item 1 or 6 in subsection 355‑70(1)—the general categories of offences in relation to which the information was disclosed; and

                     (d)  set out the number (if any) of taxation officers (within the meaning of the Income Tax Assessment Act 1997) found guilty of the offence in section 355‑25 in Schedule 1 (about disclosure of protected information); and

                     (e)  set out information on the exercise during the year of the Commissioner’s powers under Subdivision 370‑A in Schedule 1 (Commissioner’s remedial power).

          (1C)  Subsection (1) does not apply in relation to Part III and sections 15 and 15A insofar as that Part and those sections apply in relation to the Tax Agent Services Act 2009.

             (2)  The Minister shall cause a copy of a report furnished under subsection (1) to be laid before each House of the Parliament within 15 sitting days of that House after the day on which the Minister receives the report.

             (3)  For the purposes of section 34C of the Acts Interpretation Act 1901, a report that is required by subsection (1) to be furnished as soon as practicable after 30 June in a year shall be taken to be a periodic report relating to the working of this Act during the year ending on that 30 June.

             (4)  In this section:

this Act does not include Part IVC.

3C  Reporting of information about corporate tax entity with reported total income of $100 million or more

             (1)  This section applies to a corporate tax entity for an income year if, according to information reported to the Commissioner in the entity’s income tax return for the income year:

                     (a)  the entity has total income equal to or exceeding $100 million for the income year and, at the end of the income year:

                              (i)  the entity is not an Australian resident that is a private company for the income year; or

                             (ii)  the entity is a member of a wholly‑owned group that has a foreign resident ultimate holding company; or

                            (iii)  the percentage of foreign shareholding in the entity is greater than 50%; or

                     (b)  the entity has total income equal to or exceeding $200 million for the income year and, at the end of the income year, the entity is an Australian resident that is a private company for the income year.

An expression used in this subsection that is also used in the Income Tax Assessment Act 1997 has the same meaning as in that Act.

             (2)  The Commissioner must, as soon as practicable after the end of the income year, make publicly available the information mentioned in subsection (3).

             (3)  The information is as follows:

                     (a)  the entity’s ABN (within the meaning of the Income Tax Assessment Act 1997) and name;

                     (b)  the entity’s total income for the income year, according to information reported to the Commissioner in the entity’s income tax return (within the meaning of that Act) for the income year;

                     (c)  the entity’s taxable income or net income (if any) for the income year, according to information reported to the Commissioner in that income tax return;

                     (d)  the entity’s income tax payable (if any) for the financial year corresponding to the income year, according to information reported to the Commissioner in that income tax return.

             (4)  Subsection (5) applies if:

                     (a)  the entity gives the Commissioner a notice in writing that the return mentioned in paragraph (3)(b) contains an error; and

                     (b)  the notice contains information that corrects the error.

             (5)  The Commissioner may at any time make the information mentioned in paragraph (4)(b) publicly available, in accordance with subsection (2), in order to correct the error.

             (6)  To avoid doubt, if the Commissioner considers that information made publicly available under subsection (2) fails to reflect all of the information required to be made publicly available under that subsection, the Commissioner may at any time make publicly available other information in order to remedy the failure.

3CA  Reporting of information by significant global entities

             (1)  This section applies to a corporate tax entity for an income year if:

                     (a)  the entity is a significant global entity for the income year; and

                     (b)  at the end of the income year, the entity is:

                              (i)  an Australian resident; or

                             (ii)  a foreign resident who operates an Australian permanent establishment (within the meaning of Part IVA of the Income Tax Assessment Act 1936); and

                     (c)  the entity does not lodge a general purpose financial statement for the fi