Contents
Schedule 1—Collection and recovery of income tax and other liabilities 1
Chapter 3—Collection, recovery and administration of other taxes 1
Part 3‑10—Indirect taxes 1
Division 105—General rules for indirect taxes 1
Guide to Division 105 1
105‑1..................... What this Division is about................................................. 1
Subdivision 105‑D—General interest charge and penalties 2
105‑80................... General interest charge........................................................ 2
105‑85................... Amending Acts cannot impose penalties or general interest charge earlier than 28 days after Royal Assent............................................................................................ 3
Subdivision 105‑F—Indirect tax refund schemes 3
105‑120................. Refund scheme—defence related international obligations. 3
105‑125................. Refund scheme—international obligations.......................... 4
Subdivision 105‑G—Other administrative provisions 5
105‑145................. Commissioner must give things in writing......................... 5
Division 110—Goods and services tax 6
Guide to Division 110 6
110‑1..................... What this Division is about................................................. 6
Subdivision 110‑F—Review of GST decisions 6
110‑50................... Reviewable GST decisions................................................. 6
Division 111—Wine tax and luxury car tax 11
Guide to Division 111 11
111‑1..................... What this Division is about............................................... 11
Subdivision 111‑C—Review of wine tax decisions 11
111‑50................... Reviewable wine tax decisions......................................... 11
Subdivision 111‑D—Effect on contracts from amendments to laws 12
111‑60................... Alteration of contracts if cost of complying with agreement is affected by later alteration to wine tax or luxury car tax laws....................................................................... 12
Division 112—Fuel tax 14
Guide to Division 112 14
112‑1..................... What this Division is about............................................... 14
Subdivision 112‑E—Review of fuel tax decisions 14
112‑50................... Reviewable fuel tax decisions........................................... 14
Part 3‑15—Major bank levy 16
Division 115—General provisions relating to the major bank levy 16
115‑1..................... What this Division is about............................................... 16
115‑5..................... Returns............................................................................. 16
115‑10................... When major bank levy is due and payable........................ 17
Division 117—Anti‑avoidance 18
Guide to Division 117 18
117‑1..................... What this Division is about............................................... 18
Subdivision 117‑A—Application of this Division 18
117‑5..................... Object of this Division...................................................... 18
117‑10................... Application of this Division.............................................. 19
117‑15................... Meaning of MBL benefit................................................... 19
117‑20................... Matters to be considered in determining purpose.............. 20
Subdivision 117‑B—Commissioner may negate effects of schemes for MBL benefits 20
117‑25................... Commissioner may negate entity’s MBL benefits............ 21
117‑30................... Determination has effect according to its terms................. 21
117‑35................... Commissioner may disregard scheme in making determinations 21
117‑40................... One determination may cover several quarters etc............ 22
117‑45................... Commissioner must give copy of determination to entity affected 22
117‑50................... Objections......................................................................... 22
Part 3‑20—Superannuation 23
Division 131—Releasing money from superannuation 23
Subdivision 131‑A—Releasing money from superannuation 23
Guide to Subdivision 131‑A 23
131‑1..................... What this Subdivision is about......................................... 23
Requesting a release authority 24
131‑5..................... Requesting the release of amounts from superannuation interests 24
131‑10................... Restrictions on the total amount you can request to be released 26
Issuing a release authority to superannuation provider 27
131‑15................... Issuing release authorities................................................. 27
131‑20................... Amount to be stated in a release authority......................... 28
131‑25................... Contents of a release authority.......................................... 29
131‑30................... Varying and revoking a release authority.......................... 29
Complying with a release authority 29
131‑35................... Obligations of superannuation providers.......................... 29
131‑40................... Voluntary compliance with a release authority relating to defined benefit interests 30
131‑45................... Meaning of maximum available release amount................ 30
131‑50................... Notifying Commissioner.................................................. 31
131‑55................... Notifying you................................................................... 31
131‑60................... Compensation for acquisition of property......................... 32
Consequences of releasing amounts 32
131‑65................... Entitlement to credits......................................................... 32
131‑70................... Interest for late payments of money received by the Commissioner in accordance with release authority.......................................................................................... 33
131‑75................... Income tax treatment of amounts released—proportioning rule does not apply 33
Division 133—Division 293 tax 34
Guide to Division 133 34
133‑1..................... What this Division is about............................................... 34
Subdivision 133‑A—Deferral determination 34
Guide to Subdivision 133‑A 34
133‑5..................... What this Subdivision is about......................................... 34
Operative provisions 35
133‑10................... Determination of tax that is deferred to a debt account..... 35
133‑15................... Defined benefit tax............................................................ 35
133‑20................... How to attribute the defined benefit tax to defined benefit interests 36
133‑25................... Determination reducing tax deferred to a debt account...... 37
133‑30................... General provisions applying to determinations under this Subdivision 37
Subdivision 133‑B—Debt account 38
Guide to Subdivision 133‑B 38
133‑55................... What this Subdivision is about......................................... 38
Operative provisions 39
133‑60................... Debt account to be kept for deferred tax........................... 39
133‑65................... Interest on debt account balance........................................ 39
133‑70................... Voluntary payments.......................................................... 40
133‑75................... Commissioner must notify superannuation provider of debt account 40
Subdivision 133‑C—Compulsory payment 41
Guide to Subdivision 133‑C 41
133‑100................. What this Subdivision is about......................................... 41
Debt account discharge liability 41
133‑105................. Liability to pay debt account discharge liability................. 41
133‑110................. When debt account discharge liability must be paid.......... 42
133‑115................. General interest charge...................................................... 42
133‑120................. Meaning of debt account discharge liability..................... 43
133‑125................. Notice of debt account discharge liability.......................... 43
End benefit 44
133‑130................. Meaning of end benefit..................................................... 44
133‑135................. Superannuation provider may request debt account status 45
133‑140................. End benefit notice—superannuation provider................... 45
133‑145................. End benefit notice—material changes or omissions.......... 46
Division 135—Releasing money from superannuation 48
Guide to Division 135 48
135‑1..................... What this Division is about............................................... 48
Subdivision 135‑A—When the Commissioner must issue a release authority 48
Guide to Subdivision 135‑A 48
135‑5..................... What this Subdivision is about......................................... 48
Operative provisions 49
135‑10................... Release authorities............................................................ 49
Subdivision 135‑B—When a release authority can be given to a superannuation provider 50
Guide to Subdivision 135‑B 50
135‑35................... What this Subdivision is about......................................... 50
Operative provisions 51
135‑40................... When you may give release authority to superannuation provider 51
Subdivision 135‑C—Release of superannuation money under a release authority 51
Guide to Subdivision 135‑C 51
135‑70................... What this Subdivision is about......................................... 51
Operative provisions 52
135‑75................... Requirement for superannuation provider to release money 52
135‑80................... Compensation for acquisition of property......................... 53
135‑85................... Release amount................................................................. 53
135‑90................... How the Commissioner applies amounts received under a release authority 54
135‑95................... Defined benefit interests—releasing amounts to pay debt account discharge liability 54
135‑100................. Income tax treatment of amounts released—proportioning rule does not apply 54
Division 136—Transfer balance cap 55
Guide to Division 136 55
136‑1..................... What this Division is about............................................... 55
Subdivision 136‑A—Excess transfer balance determinations 55
Guide to Subdivision 136‑A 55
136‑5..................... What this Subdivision is about......................................... 55
Operative provisions 56
136‑10................... Excess transfer balance determination............................... 56
136‑15................... Review.............................................................................. 57
136‑20................... Electing to commute a different superannuation income stream 57
136‑25................... Notifying Commissioner of transfer balance debits.......... 58
Subdivision 136‑B—Commutation authorities 59
Guide to Subdivision 136‑B 59
136‑50................... What this Subdivision is about......................................... 59
Obligations of Commissioner 60
136‑55................... Issuing of commutation authorities................................... 60
136‑60................... Varying and revoking a commutation authority................ 61
136‑65................... Issuing further commutation authorities............................ 61
136‑70................... Notifying of non‑commutable excess transfer balance...... 62
Obligations of superannuation income stream providers 63
136‑80................... Obligations on superannuation income stream providers.. 63
136‑85................... Notifying the Commissioner............................................. 64
136‑90................... Notifying you................................................................... 64
Division 138—First home super saver scheme 65
Guide to Division 138 65
138‑1..................... What this Division is about............................................... 65
Subdivision 138‑A—First home super saver determination 65
Guide to Subdivision 138‑A 65
138‑5..................... What this Subdivision is about......................................... 65
Operative provisions 66
138‑10................... First home super saver determination............................... 66
138‑15................... Review.............................................................................. 67
Subdivision 138‑B—FHSS maximum release amount 67
Guide to Subdivision 138‑B 67
138‑20................... What this Subdivision is about......................................... 67
Operative provisions 68
138‑25................... FHSS maximum release amount....................................... 68
138‑30................... FHSS releasable contributions amount............................. 68
138‑35................... Eligible contributions........................................................ 69
138‑40................... Associated earnings.......................................................... 71
Part 3‑30—Diverted profits tax 72
Division 145—Assessments of diverted profits tax 72
Guide to Division 145 72
145‑1..................... What this Division is about............................................... 72
145‑5..................... DPT assessments—modified application of Division 155 72
145‑10................... When DPT assessments can be made............................... 72
145‑15................... Period of review of DPT assessments.............................. 73
145‑20................... Review of assessments..................................................... 74
145‑25................... Restricted DPT evidence................................................... 75
Chapter 4—Generic assessment, collection and recovery rules 78
Part 4‑1—Returns and assessments 78
Division 155—Assessments 78
Guide to Division 155 78
155‑1..................... What this Division is about............................................... 78
Subdivision 155‑A—Making assessments 78
155‑5..................... Commissioner may make assessment............................... 79
155‑10................... Commissioner must give notice of assessment................. 80
155‑15................... Self‑assessment................................................................ 80
155‑20................... Assessment of indirect tax on importations and customs dealing 82
155‑25................... Special assessment............................................................ 83
155‑30................... Delays in making assessments.......................................... 83
Subdivision 155‑B—Amending assessments 84
When Commissioner may amend assessments 84
155‑35................... Amendment during period of review................................ 84
155‑40................... Amendment during period of review—certain applications taken to be notices 86
155‑45................... Amendment on application............................................... 87
155‑50................... Amendment to give effect to private ruling....................... 87
155‑55................... Amendment to give effect to certain anti‑avoidance declarations 87
155‑60................... Amendment because of review, objection or fraud........... 88
Special rules about amending amended assessments 88
155‑65................... Amending amended assessments...................................... 88
155‑70................... Refreshed period of review............................................... 88
General rules 89
155‑75................... Refunds of amounts overpaid........................................... 89
155‑80................... Amended assessments are assessments............................ 89
Subdivision 155‑C—Validity and review of assessments 90
155‑85................... Validity of assessment...................................................... 90
155‑90................... Review of assessments..................................................... 90
Subdivision 155‑D—Miscellaneous 90
155‑95................... Entities.............................................................................. 90
Part 4‑15—Collection and recovery of tax‑related liabilities and other amounts 92
Division 250—Introduction 92
Subdivision 250‑A—Guide to Part 4‑15 92
250‑1..................... What this Part is about...................................................... 92
250‑5..................... Some important concepts about tax‑related liabilities........ 92
250‑10................... Summary of tax‑related liabilities...................................... 93
Subdivision 250‑B—Object of this Part 102
250‑25................... Object............................................................................. 102
Division 255—General rules about collection and recovery 103
Subdivision 255‑A—Tax‑related liabilities 103
255‑1..................... Meaning of tax‑related liability....................................... 103
255‑5..................... Recovering a tax‑related liability that is due and payable 103
Subdivision 255‑B—Commissioner’s power to vary payment time 104
255‑10................... To defer the payment time............................................... 104
255‑15................... To permit payments by instalments................................. 105
255‑20................... To bring forward the payment time in certain cases........ 105
Subdivision 255‑C—Service of documents if person absent from Australia or cannot be found 106
Guide to Subdivision 255‑C 106
255‑35................... What this Subdivision is about....................................... 106
Operative provisions 106
255‑40................... Service of documents if person absent from Australia or cannot be found 106
Subdivision 255‑D—Security deposits 107
255‑100................. Commissioner may require security deposit................... 107
255‑105................. Notice of requirement to give security............................ 108
255‑110................. Offence........................................................................... 109
255‑115................. Order to comply with requirement.................................. 109
255‑120................. Offence........................................................................... 110
Division 260—Special rules about collection and recovery 111
Guide to Division 260 111
260‑1..................... What this Division is about............................................. 111
Subdivision 260‑A—From third party 111
260‑5..................... Commissioner may collect amounts from third party...... 112
260‑10................... Notice to Commonwealth, State or Territory.................. 113
260‑15................... Indemnity........................................................................ 114
260‑20................... Offence........................................................................... 114
Subdivision 260‑B—From liquidator 114
260‑40................... Subdivision does not apply to superannuation guarantee charge 115
260‑45................... Liquidator’s obligation.................................................... 115
260‑50................... Offence........................................................................... 116
260‑55................... Joint liability of 2 or more liquidators............................. 116
260‑60................... Liquidator’s other obligation or liability.......................... 117
Subdivision 260‑C—From receiver 117
260‑75................... Receiver’s obligation...................................................... 117
260‑80................... Offence........................................................................... 118
260‑85................... Joint liability of 2 or more receivers................................ 119
260‑90................... Receiver’s other obligation or liability............................ 119
Subdivision 260‑D—From agent winding up business for foreign resident principal 119
260‑105................. Obligation of agent winding up business for foreign resident principal 119
260‑110................. Offence........................................................................... 120
260‑115................. Joint liability of 2 or more agents.................................... 120
260‑120................. Agent’s other obligation or liability................................ 121
Subdivision 260‑E—From deceased person’s estate 121
260‑140................. Administered estate......................................................... 121
260‑145................. Unadministered estate..................................................... 122
260‑150................. Commissioner may authorise amount to be recovered.... 123
Division 263—Mutual assistance in the administration of foreign tax laws 124
Subdivision 263‑A—Foreign revenue claims 124
Guide to Subdivision 263‑A 124
263‑5..................... What this Subdivision is about....................................... 124
Operative provisions 125
263‑10................... Meaning of foreign revenue claim.................................. 125
263‑15................... Requirements for foreign revenue claims........................ 125
263‑20................... Foreign Revenue Claims Register................................... 125
263‑25................... Registering claims........................................................... 126
263‑30................... When amount is due and payable.................................... 126
263‑35................... Amending the Register etc.............................................. 127
263‑40................... Payment to competent authority...................................... 128
Subdivision 263‑B—Service of documents in Australia on behalf of foreign revenue authorities 129
Guide to Subdivision 263‑B 129
263‑55................... What this Subdivision is about....................................... 129
Operative provisions 129
263‑60................... Meaning of foreign service of document request............ 129
263‑65................... Service of document subject to foreign service of document request 130
Division 265—Other matters 131
Subdivision 265‑A—Right of person to seek recovery or contribution 131
Guide to Subdivision 265‑A 131
265‑35................... What this Subdivision is about....................................... 131
Operative provisions 131
265‑40................... Right of recovery if another person is liable................... 131
265‑45................... Right of contribution if persons are jointly liable............ 132
Subdivision 265‑B—Application of laws 132
265‑65................... Non‑application of certain taxation laws......................... 132
Subdivision 265‑C—Direction to pay superannuation guarantee charge 133
Guide to Subdivision 265‑C 133
265‑85................... What this Subdivision is about....................................... 133
265‑90................... Direction to pay superannuation guarantee charge.......... 133
265‑95................... Offence........................................................................... 135
265‑100................. Variation or revocation................................................... 135
265‑105................. Effect of liability being reduced or ceasing to exist......... 136
265‑110................. Taxation objection........................................................... 137
265‑115................. Extension of period to comply if taxation objection made 137
Division 268—Estimates 139
Guide to Division 268 139
268‑1..................... What this Division is about............................................. 139
Subdivision 268‑A—Object 140
268‑5..................... Object of Division.......................................................... 140
Subdivision 268‑B—Making estimates 140
268‑10................... Commissioner may make estimate.................................. 140
268‑15................... Notice of estimate........................................................... 142
Subdivision 268‑C—Liability to pay estimates 143
268‑20................... Nature of liability to pay estimate.................................... 143
268‑25................... Accuracy of estimate irrelevant to liability to pay............ 144
268‑30................... Estimate provable in bankruptcy or winding up.............. 145
Subdivision 268‑D—Reducing and revoking estimates 146
268‑35................... How estimate may be reduced or revoked—Commissioner’s powers 146
268‑40................... How estimate may be reduced or revoked—statutory declaration or affidavit 148
268‑45................... How estimate may be reduced or revoked—rejection of proof of debt 150
268‑50................... How estimate may be reduced—amount paid or applied 152
268‑55................... When reduction or revocation takes effect...................... 152
268‑60................... Consequences of reduction or revocation—refund......... 153
268‑65................... Consequences of reduction or revocation—statutory demand changed or set aside 153
268‑70................... Consequences of reduction or revocation—underlying liability 154
Subdivision 268‑E—Late payment of estimates 154
268‑75................... Liability to pay the general interest charge...................... 154
268‑80................... Effect of paying the general interest charge..................... 155
Subdivision 268‑F—Miscellaneous 156
268‑85................... Effect of judgment on liability on which it is based........ 156
268‑90................... Requirements for statutory declaration or affidavit......... 157
268‑95................... Liquidators, receivers and trustees in bankruptcy........... 160
268‑100................. Division not to limit or exclude Corporations or Bankruptcy Act 162
Division 269—Penalties for directors of non‑complying companies 163
Guide to Division 269 163
269‑1..................... What this Division is about............................................. 163
Subdivision 269‑A—Object and scope 164
269‑5..................... Object of Division.......................................................... 164
269‑10................... Scope of Division........................................................... 164
Subdivision 269‑B—Obligations and penalties 167
269‑15................... Directors’ obligations..................................................... 167
269‑20................... Penalty............................................................................ 168
269‑25................... Notice............................................................................. 169
269‑30................... Effect on penalty of directors’ obligation ending before end of notice period 170
269‑35................... Defences......................................................................... 176
Subdivision 269‑C—Discharging liabilities 178
269‑40................... Effect of director paying penalty or company discharging liability 178
269‑45................... Directors’ rights of indemnity and contribution.............. 179
Subdivision 269‑D—Miscellaneous 179
269‑50................... How notice may be given............................................... 179
269‑52................... Copies of notices............................................................ 180
269‑55................... Division not to limit or exclude Corporations Act.......... 180
Part 4‑25—Charges and penalties 181
Division 280—Shortfall interest charge 181
Guide to Division 280 181
280‑1..................... Guide to Division 280.................................................... 181
Subdivision 280‑A—Object of Division 181
280‑50................... Object of Division.......................................................... 181
Subdivision 280‑B—Shortfall interest charge 182
280‑100................. Liability to shortfall interest charge—income tax............ 182
280‑101................. Liability to shortfall interest charge—excess exploration credit tax 184
280‑102................. Liability to shortfall interest charge—petroleum resource rent tax 184
280‑102A.............. Liability to shortfall interest charge—excess non‑concessional contributions tax 185
280‑102B.............. Liability to shortfall interest charge—Division 293 tax... 186
280‑102C.............. Liability to shortfall interest charge—diverted profits tax 188
280‑103................. Liability to shortfall interest charge—general.................. 189
280‑105................. Amount of shortfall interest charge................................. 189
280‑110................. Notification by Commissioner........................................ 190
Subdivision 280‑C—Remitting shortfall interest charge 190
280‑160................. Remitting shortfall interest charge................................... 190
280‑165................. Commissioner must give reasons for not remitting in certain cases 191
280‑170................. Objecting against remission decision.............................. 191
Division 284—Administrative penalties for statements, unarguable positions and schemes 192
Guide to Division 284 192
284‑5..................... What this Division is about............................................. 192
Subdivision 284‑A—General provisions 192
284‑10................... Object of Division.......................................................... 193
284‑15................... When a matter is reasonably arguable........................... 193
284‑20................... Which statements this Division applies to....................... 194
284‑25................... Statements by agents....................................................... 194
284‑30................... Application of Division to trusts..................................... 194
284‑35................... Application of Division to partnerships.......................... 194
Subdivision 284‑B—Penalties relating to statements 195
Guide to Subdivision 284‑B 195
284‑70................... What this Subdivision is about....................................... 195
Operative provisions 196
284‑75................... Liability to penalty.......................................................... 196
284‑80................... Shortfall amounts........................................................... 199
284‑85................... Amount of penalty.......................................................... 201
284‑90................... Base penalty amount....................................................... 202
284‑95................... Joint and several liability of directors of corporate trustee that makes a false or misleading statement 206
Subdivision 284‑C—Penalties relating to schemes 207
Guide to Subdivision 284‑C 207
284‑140................. What this Subdivision is about....................................... 207
Operative provisions 207
284‑145................. Liability to penalty.......................................................... 207
284‑150................. Scheme benefits and scheme shortfall amounts.............. 209
284‑155................. Amount of penalty.......................................................... 211
284‑160................. Base penalty amount: schemes....................................... 212
284‑165................. Exception—threshold for penalty arising from cross‑border transfer pricing 213
Subdivision 284‑D—Provisions common to Subdivisions 284‑B and 284‑C 214
284‑220................. Increase in base penalty amount...................................... 215
284‑224................. Reduction of base penalty amount if law was applied in an accepted way 216
284‑225................. Reduction of base penalty amount if you voluntarily tell the Commissioner 216
Subdivision 284‑E—Special rules about unarguable positions for cross‑border transfer pricing 218
284‑250................. Undocumented transfer pricing treatment not reasonably arguable 218
284‑255................. Documentation requirements.......................................... 218
Division 286—Penalties for failing to lodge documents on time 220
Subdivision 286‑A—Guide to Division 286 220
286‑1..................... What this Division is about............................................. 220
Subdivision 286‑B—Object of Division 220
286‑25................... Object of Division.......................................................... 220
Subdivision 286‑C—Penalties for failing to lodge documents on time 221
286‑75................... Liability to penalty.......................................................... 221
286‑80................... Amount of penalty.......................................................... 223
Division 288—Miscellaneous administrative penalties 227
288‑10................... Penalty for non‑electronic notification............................ 227
288‑20................... Penalty for non‑electronic payment................................. 228
288‑25................... Penalty for failure to keep or retain records.................... 228
288‑30................... Penalty for failure to retain or produce declarations........ 229
288‑35................... Penalty for preventing access etc.................................... 229
288‑40................... Penalty for failing to register or cancel registration......... 230
288‑45................... Penalty for failing to issue tax invoice etc....................... 230
288‑46................... Penalty for failing to ensure tax information about supplies of low value goods is included in customs documents....................................................................... 230
288‑50................... Penalty for both principal and agent issuing certain documents 231
288‑70................... Administrative penalties for life insurance companies.... 231
288‑75................... Administrative penalty for a copyright or resale royalty collecting society 233
288‑80................... Administrative penalty for over declaring conduit foreign income 233
288‑85................... Failure by Reporting Financial Institution to obtain self‑certification 234
288‑95................... Failing to comply etc. with release authority................... 235
288‑100................. Excess money paid under release authority..................... 236
288‑105................. Superannuation provider to calculate crystallised pre‑July 83 amount of superannuation interest by 30 June 2008................................................................................ 236
288‑110................. Contravention of superannuation data and payment regulation or standard 237
288‑115................. AMIT under or over resulting from intentional disregard of or recklessness as to taxation law 238
288‑120................. Prohibited offsets of liabilities using interest etc. accrued on farm management deposits 240
288‑125................. Producing or supplying electronic sales suppression tools 241
288‑130................. Possessing electronic sales suppression tools................. 241
288‑135................. Incorrectly keeping records using electronic sales suppression tools 242
Division 290—Promotion and implementation of schemes 243
Subdivision 290‑A—Preliminary 243
290‑5..................... Objects of this Division.................................................. 243
290‑10................... Extra‑territorial application.............................................. 243
Subdivision 290‑B—Civil penalties 243
290‑50................... Civil penalties................................................................. 244
290‑55................... Exceptions...................................................................... 246
290‑60................... Meaning of promoter..................................................... 248
290‑65................... Meaning of tax exploitation scheme................................ 248
Subdivision 290‑C—Injunctions 249
290‑120................. Conduct to which this Subdivision applies..................... 250
290‑125................. Injunctions...................................................................... 250
290‑130................. Interim injunctions.......................................................... 250
290‑135................. Delay in making ruling................................................... 250
290‑140................. Discharge etc. of injunctions........................................... 251
290‑145................. Certain limits on granting injunctions not to apply.......... 251
290‑150................. Other powers of the Federal Court unaffected................ 252
Subdivision 290‑D—Voluntary undertakings 252
290‑200................. Voluntary undertakings.................................................. 252
Division 295—Miscellaneous civil penalties 253
Subdivision 295‑B—Civil penalty for possession of tobacco without relevant documentation 253
Guide to Subdivision 295‑B 253
295‑70................... What this Subdivision is about....................................... 253
295‑75................... Possession of tobacco without relevant documentation etc. 254
295‑80................... Things treated as tobacco................................................ 256
Division 298—Machinery provisions for penalties 257
Subdivision 298‑A—Administrative penalties 257
298‑5..................... Scope of Subdivision...................................................... 257
298‑10................... Notification of liability.................................................... 257
298‑15................... Due date for penalty........................................................ 258
298‑20................... Remission of penalty...................................................... 258
298‑25................... General interest charge on unpaid penalty....................... 258
298‑30................... Assessment of penalties under Division 284 or section 288‑115 259
Subdivision 298‑B—Civil penalties 259
298‑80................... Application of Subdivision............................................. 259
298‑85................... Civil evidence and procedure rules for civil penalty orders 260
298‑90................... Civil proceedings after criminal proceedings.................. 260
298‑95................... Criminal proceedings during civil proceedings............... 260
298‑100................. Criminal proceedings after civil proceedings.................. 260
298‑105................. Evidence given in proceedings for penalty not admissible in criminal proceedings 261
298‑110................. Civil double jeopardy...................................................... 261
Part 4‑30—Offences and prosecutions 262
Division 308—Offences relating to tobacco 262
Guide to Division 308 262
308‑1..................... What this Division is about............................................. 262
Subdivision 308‑A—Reasonable suspicion offences relating to tobacco 262
Guide to Subdivision 308‑A 262
308‑5..................... What this Subdivision is about....................................... 262
308‑10................... Possession of tobacco (500 kilograms or above)—reasonable suspicion offence 263
308‑15................... Possession of tobacco (100 kilograms or above)—reasonable suspicion offence 266
308‑20................... Possession of tobacco (5 kg or above)—reasonable suspicion offence 269
308‑25................... Sale of tobacco (500 kilograms or above)—reasonable suspicion offence 271
308‑30................... Sale of tobacco (100 kilograms or above)—reasonable suspicion offence 274
308‑35................... Sale of tobacco (5 kg or above)—reasonable suspicion offence 276
308‑40................... Buying of tobacco (500 kilograms or above)—reasonable suspicion offence 279
308‑45................... Buying of tobacco (100 kilograms or above)—reasonable suspicion offence 282
308‑50................... Buying of tobacco (5 kg or above)—reasonable suspicion offence 284
308‑55................... Matters taken to satisfy “reasonable to suspect” requirement 287
Subdivision 308‑B—Fault‑based offences of possession, production and manufacture 289
Guide to Subdivision 308‑B 289
308‑105................. What this Subdivision is about....................................... 289
308‑110................. Possession of tobacco (500 kg or above)—fault‑based offence 290
308‑115................. Possession of tobacco (100 kg or above)—fault‑based offence 292
308‑120................. Possession of tobacco (5 kg or above)—fault‑based offence.. 295
308‑125................. Manufacture or production of tobacco (500 kg or above)—fault‑based offence 297
308‑130................. Manufacture or production of tobacco (100 kg or above)—fault‑based offence 299
308‑135................. Manufacture or production of tobacco (5 kg or above)—fault‑based offence 301
Subdivision 308‑C—Offences relating to equipment relating to the manufacture or production of tobacco 304
Guide to Subdivision 308‑C 304
308‑200................. What this Subdivision is about....................................... 304
308‑205................. Possession of equipment for use in illegal manufacture or production of tobacco 304
308‑210................. Possession of equipment designed or adapted to manufacture or produce tobacco 305
Subdivision 308‑E—Other provisions 306
Guide to Subdivision 308‑E 306
308‑500................. What this Subdivision is about....................................... 306
308‑505................. Things treated as tobacco................................................ 307
308‑510................. Matters treated as possession.......................................... 307
308‑515................. Where excise duty or customs duty is treated as not payable for the purpose of the reasonable suspicion offences.......................................................................... 307
308‑520................. Section 8ZD does not apply to this Division.................. 308
Part 4‑50—Release from particular liabilities 309
Division 340—Commissioner’s power in cases of hardship 309
Guide to Division 340 309
340‑1..................... What this Division is about............................................. 309
Operative provisions 309
340‑5..................... Release from particular liabilities in cases of serious hardship 309
340‑10................... Liabilities to which this section applies........................... 311
340‑15................... Commissioner may take action to give effect to a release decision 312
340‑20................... Extinguishing your liability to pay a fringe benefits tax instalment if you are released 313
340‑25................... Extinguishing your liability to pay a PAYG instalment if you are released 313
Division 342—Commissioner’s power relating to proceeds of crime proceedings 315
Guide to Division 342 315
342‑1..................... What this Division is about............................................. 315
Subdivision 342‑A—Power to waive right to payment of tax‑related liabilities 315
342‑5..................... Object of this Subdivision.............................................. 315
342‑10................... Power to waive right to payment of tax‑related liability.. 316
Part 4‑90—Evidence 318
Division 350—Evidence 318
Guide to Division 350 318
350‑1..................... What this Division is about............................................. 318
Subdivision 350‑A—Evidence 318
350‑5..................... Application of Subdivision............................................. 318
350‑10................... Evidence......................................................................... 319
350‑12................... Prima facie evidence—particulars stated in evidentiary certificate 321
350‑15................... Judicial notice of signature.............................................. 322
350‑20................... Certain statements or averments in proceedings to recover tax‑related liabilities 322
350‑25................... Evidence by affidavit in proceedings to recover tax‑related liabilities 323
Chapter 5—Administration 324
Part 5‑1—The Australian Taxation Office 324
Division 352—Commissioner’s reporting obligations 324
Guide to Division 352 324
352‑1..................... What this Division is about............................................. 324
Subdivision 352‑A—Accountability of the Commissioner in respect of indirect tax laws 324
352‑5..................... Commissioner must prepare annual report on indirect tax laws 324
Subdivision 352‑C—Reporting on working holiday makers 325
352‑25................... Commissioner must prepare annual report on working holiday makers 325
Division 353—Powers to obtain information and evidence 326
Guide to Division 353 326
353‑1..................... What this Division is about............................................. 326
Subdivision 353‑A—Powers to obtain information and evidence 326
353‑10................... Commissioner’s power................................................... 326
353‑15................... Access to premises, documents etc................................. 327
353‑20................... Checking status of specifically listed deductible gift recipients 328
Subdivision 353‑B—Powers to obtain information and evidence from overseas 330
353‑25................... Offshore information notices.......................................... 330
353‑30................... Offshore information notices—consequence of not complying 332
Division 354—Power to obtain information about rights or interests in property 334
354‑5..................... Power to obtain information about rights or interests in property 334
Division 355—Confidentiality of taxpayer information 336
Guide to Division 355 336
355‑1..................... What this Division is about............................................. 336
Subdivision 355‑A—Objects and application of Division 336
355‑10................... Objects of Division......................................................... 337
355‑15................... Application of Division.................................................. 337
Subdivision 355‑B—Disclosure of protected information by taxation officers 337
Guide to Subdivision 355‑B 337
355‑20................... What this Subdivision is about....................................... 337
Operative provisions 338
355‑25................... Offence—disclosure of protected information by taxation officers 338
355‑30................... Meaning of protected information and taxation officer... 339
355‑35................... Consent is not a defence................................................. 340
355‑40................... Generality of Subdivision not limited............................. 340
355‑45................... Exception—disclosure of publicly available information 340
355‑47................... Exception—disclosure of periodic aggregate tax information 341
355‑50................... Exception—disclosure in performing duties................... 341
355‑55................... Exception—disclosure to Ministers................................ 343
355‑60................... Limits on disclosure to Ministers.................................... 346
355‑65................... Exception—disclosure for other government purposes.. 346
355‑70................... Exception—disclosure for law enforcement and related purposes 362
355‑72................... Exception—disclosure to credit reporting bureaus.......... 368
355‑75................... Limits on disclosure to courts and tribunals.................... 371
Subdivision 355‑C—On‑disclosure of protected information by other people 371
Guide to Subdivision 355‑C 371
355‑150................. What this Subdivision is about....................................... 371
Operative provisions 372
355‑155................. Offence—on‑disclosure of protected information by other people 372
355‑160................. Consent is not a defence................................................. 373
355‑165................. Generality of Subdivision not limited............................. 373
355‑170................. Exception—on‑disclosure of publicly available information 373
355‑172................. Exception—disclosure of periodic aggregate tax information 374
355‑175................. Exception—on‑disclosure for original purpose.............. 374
355‑180................. Exception—on‑disclosure to Ministers in relation to statutory powers or functions 375
355‑182................. Exception—on‑disclosure of certain information to Commonwealth Ombudsman 376
355‑185................. Exception—on‑disclosure in relation to IGIS................. 377
355‑190................. Exception—on‑disclosure in relation to ASIO............... 377
355‑195................. Exception—on‑disclosure by Royal Commissions......... 378
355‑200................. Exception—records made in compliance with Australian laws 379
355‑205................. Limits on on‑disclosure to courts or tribunals................. 379
355‑210................. Limits on on‑disclosure to Ministers.............................. 380
355‑215................. Exception—on‑disclosure of information disclosed to credit reporting bureaus 380
Subdivision 355‑D—Disclosure of protected information that has been unlawfully acquired 381
Guide to Subdivision 355‑D 381
355‑260................. What this Subdivision is about....................................... 381
Operative provisions 381
355‑265................. Offence—disclosure of protected information acquired in breach of a taxation law 381
355‑270................. Exception—disclosure of publicly available information 382
355‑275................. Exception—disclosure in relation to a taxation law......... 382
355‑280................. Limits on disclosure to courts and tribunals.................... 382
Subdivision 355‑E—Other matters 383
Guide to Subdivision 355‑E 383
355‑320................. What this Subdivision is about....................................... 383
Operative provisions 383
355‑325................. Oath or affirmation to protect information...................... 383
355‑330................. Injunctions to prevent contravention of non‑disclosure provisions 384
355‑335................. Procedures for disclosing protected information............. 385
Division 356—General administration of tax laws 387
Guide to Division 356 388
356‑1..................... What this Division is about............................................. 387
Subdivision 356‑A—Indirect tax laws 387
356‑5..................... Commissioner has general administration of indirect tax laws 387
Subdivision 356‑B—Major bank levy 387
356‑10................... Commissioner has general administration of major bank levy 387
Part 5‑5—Rulings 388
Division 357—Object and common rules 388
Guide to Division 357 389
357‑1..................... What this Division is about............................................. 388
Subdivision 357‑A—Object of this Part 388
357‑5..................... Object of this Part........................................................... 389
Subdivision 357‑B—Common rules for rulings 390
Rules for all rulings 390
357‑50................... Scope of Division........................................................... 390
357‑55................... The provisions that are relevant for rulings..................... 391
357‑60................... When rulings are binding on the Commissioner............. 391
357‑65................... Stopping relying on a ruling........................................... 394
357‑70................... Commissioner may apply the law if more favourable than the ruling 395
357‑75................... Inconsistent rulings......................................................... 395
357‑80................... Contracts for schemes..................................................... 397
357‑85................... Effect on ruling if relevant provision re‑enacted............. 397
357‑90................... Validity of ruling not affected by formal defect.............. 397
Common rules for public and private rulings 398
357‑95................... Electronic communications............................................. 398
Common rules for private and oral rulings 398
357‑105................. Further information must be sought................................ 398
357‑110................. Assumptions in making private or oral ruling................. 398
357‑115................. Additional information provided by applicant................. 399
357‑120................. Commissioner may take into account information from third parties 399
357‑125................. Applications and objections not to affect obligations and powers 399
Division 358—Public rulings 401
Guide to Division 358 402
358‑1..................... What this Division is about............................................. 401
Making public rulings 401
358‑5..................... What is a public ruling?.................................................. 401
358‑10................... Application of public rulings.......................................... 402
358‑15................... When a public ruling ceases to apply.............................. 402
Withdrawing public rulings 403
358‑20................... Withdrawing public rulings............................................ 403
Division 359—Private rulings 404
Guide to Division 359 405
359‑1..................... What this Division is about............................................. 404
Private rulings 405
359‑5..................... Private rulings................................................................. 405
359‑10................... Applying for a private ruling.......................................... 405
359‑15................... Private rulings to be given to applicants.......................... 405
359‑20................... Private rulings must contain certain details..................... 405
359‑25................... Time of application of private rulings............................. 406
359‑30................... Ruling for trustee of a trust............................................. 406
359‑35................... Dealing with applications................................................ 407
359‑40................... Valuations....................................................................... 407
359‑45................... Related rulings................................................................ 408
359‑50................... Delays in making private rulings.................................... 409
359‑55................... Revised private rulings................................................... 410
359‑60................... Objections, reviews and appeals relating to private rulings 411
359‑65................... Commissioner may consider new information on objection 412
359‑70................... Successful objection decision alters ruling...................... 412
Division 360—Oral rulings 413
Guide to Division 360 414
360‑1..................... What this Division is about............................................. 413
Oral rulings 413
360‑5..................... Applying for and making of oral rulings........................ 413
360‑10................... Withdrawing an application for an oral ruling................. 415
360‑15................... Commissioner determinations......................................... 415
Division 361—Non‑ruling advice and general administrative practice 416
361‑5..................... Non‑ruling advice and general administrative practice.... 416
Division 362—Rulings by Innovation and Science Australia that activities are not ineligible activities 417
Guide to Division 362 418
362‑1..................... What this Division is about............................................. 417
Public rulings by Innovation and Science Australia 418
362‑5..................... Innovation and Science Australia may make public rulings on a specified class of activities 418
362‑10................... Application of public rulings.......................................... 419
362‑15................... When a public ruling ceases to apply.............................. 419
362‑20................... Withdrawing public rulings............................................ 419
Private rulings by Innovation and Science Australia 419
362‑25................... Innovation and Science Australia may make private rulings on a specified activity 419
362‑30................... Applying for a private ruling.......................................... 420
362‑35................... Innovation and Science Australia must give notice of its decision 420
362‑40................... Private rulings must contain certain details..................... 421
362‑45................... Application of private rulings......................................... 421
362‑50................... Delays in making private rulings.................................... 421
362‑55................... When a private ruling ceases to apply............................. 423
362‑60................... Withdrawing private rulings........................................... 423
General provisions 423
362‑65................... When rulings are binding on the Commissioner and Innovation and Science Australia 423
362‑70................... Application of common rules under Subdivision 357‑B. 424
362‑75................... Application of Divisions 358 and 359............................ 424
Part 5‑10—Commissioner’s remedial power 425
Division 370—Commissioner’s remedial power 425
Guide to Division 370 426
370‑1..................... What this Division is about............................................. 425
Subdivision 370‑A—Commissioner’s remedial power 426
370‑5..................... Commissioner’s remedial power.................................... 426
370‑10................... Intended purpose or object.............................................. 427
370‑15................... Repeal of determinations................................................. 428
370‑20................... Commencement of determinations.................................. 428
Part 5‑25—Record‑keeping and other obligations relating to taxpayers 429
Division 382—Record‑keeping 429
Guide to Division 382 430
382‑1..................... What this Division is about............................................. 429
Subdivision 382‑A—Keeping records of indirect tax transactions 429
382‑5..................... Keeping records of indirect tax transactions.................... 429
Subdivision 382‑B—Record keeping obligations of deductible gift recipients 433
382‑15................... Deductible gift recipients to keep records....................... 433
Division 384—Education directions 435
Guide to Division 384 436
384‑5..................... What this Division is about............................................. 435
384‑10................... When an education direction may be given..................... 435
384‑15................... Education direction......................................................... 436
384‑20................... Approval of courses of education................................... 437
384‑25................... Costs of course of education........................................... 438
384‑30................... Variation or revocation on Commissioner’s own initiative 438
384‑35................... Variation on request........................................................ 438
384‑40................... Taxation objection........................................................... 439
Division 388—Requirements about giving material to the Commissioner 440
Subdivision 388‑A—Object of Division 440
388‑5..................... Object of Division.......................................................... 440
Subdivision 388‑B—General provisions 440
388‑50................... Approved forms............................................................. 440
388‑52................... Saturdays, Sundays and public holidays......................... 441
388‑55................... Commissioner may defer time for lodgment................... 441
388‑60................... Declaration by entity....................................................... 442
388‑65................... Declaration by entity where agent gives document......... 442
388‑70................... Declaration by agent....................................................... 443
388‑75................... Signing declarations........................................................ 443
388‑80................... Electronic notification of BAS amounts.......................... 444
388‑85................... Truncating amounts........................................................ 444
Division 389—Reporting by employers 445
Guide to Division 389 446
389‑1..................... What this Division is about............................................. 445
389‑5..................... Required reporting by employers.................................... 445
389‑10................... Exemptions..................................................................... 448
389‑15................... Voluntary reporting by employers in relation to taxation laws 449
389‑20................... Effect on reporting requirements under Subdivision 16‑C 449
389‑25................... Grace periods for correcting false or misleading notifications 450
389‑30................... Voluntary reporting by employers in relation to child support laws 451
Division 390—Superannuation reporting 454
Guide to Division 390 455
390‑1..................... What this Division is about............................................. 454
Subdivision 390‑A—Member information statements and roll‑over superannuation benefit statements 454
390‑5..................... Member information statements...................................... 454
390‑7..................... Grace periods for correcting false or misleading member information statements 457
390‑10................... Statements about roll‑over superannuation benefits etc... 458
390‑12................... Statements about benefits paid to KiwiSaver schemes.... 460
390‑15................... Superannuation statements to members.......................... 461
390‑20................... Statements relating to holders of certain life insurance policies 462
Subdivision 390‑B—Statements relating to release authorities 463
390‑65................... Statements relating to release authorities......................... 463
Subdivision 390‑C—Other statements 465
390‑115................. Change or omission in information given to the Commissioner 465
Division 392—Employee share scheme reporting 466
Guide to Division 392 467
392‑1..................... What this Division is about............................................. 466
Subdivision 392‑A—Statements 466
392‑5..................... Statements by providers.................................................. 466
392‑10................... Change or omission in information given to the Commissioner 469
Subdivision 392‑B—Miscellaneous 470
392‑15................... Application of certain provisions of Division 83A of the Income Tax Assessment Act 1997 470
Division 393—Reports by investment bodies 471
Guide to Division 393 472
393‑1..................... What this Division is about............................................. 471
393‑5..................... Reports about quoting tax file numbers and ABNs........ 471
393‑10................... Annual investment income reports.................................. 472
393‑15................... Errors in reports.............................................................. 473
Division 394—Reporting about forestry managed investment schemes 474
Guide to Division 394 475
394‑1..................... What this Division is about............................................. 474
394‑5..................... Statements about initial contributions to scheme............. 474
394‑10................... Statements about failure to establish trees within 18 months 475
Division 396—Third party reporting 477
Guide to Division 396 478
396‑1A.................. What this Division is about............................................. 477
Subdivision 396‑A—FATCA 477
Guide to Subdivision 396‑A 477
396‑1..................... What this Subdivision is about....................................... 477
Operative provisions 478
396‑5..................... Statements about U.S. Reportable Accounts................... 478
396‑10................... Statements about payments to Nonparticipating Financial Institutions 479
396‑15................... Meaning of the FATCA Agreement................................. 480
396‑20................... Permissions and elections............................................... 480
396‑25................... Record keeping............................................................... 481
Subdivision 396‑B—Information about transactions that could have tax consequences for taxpayers 482
Guide to Subdivision 396‑B 482
396‑50................... What this Subdivision is about....................................... 482
Operative provisions 482
396‑55................... Reporting tax‑related information about transactions to the Commissioner 482
396‑60................... Information required....................................................... 486
396‑65................... Exemptions—wholesale clients...................................... 487
396‑70................... Exemptions—other cases................................................ 488
396‑75................... Errors in reports.............................................................. 488
Subdivision 396‑C—Common Reporting Standard 489
Guide to Subdivision 396‑C 489
396‑100................. What this Subdivision is about....................................... 489
Operative provisions 490
396‑105................. Statements about Reportable Accounts........................... 490
396‑110................. Meaning of CRS............................................................. 491
396‑115................. Matters Common Reporting Standard leaves to domestic law 492
396‑120................. Application of Common Reporting Standard.................. 493
396‑125................. Record keeping............................................................... 494
396‑130................. Anti‑avoidance provisions.............................................. 495
396‑135................. Application of penalty to false or misleading self‑certification 497
396‑136................. Report on Reportable Accounts maintained by Australian Reporting Financial Institutions 497
Division 398—Miscellaneous reporting obligations 499
Guide to Division 398 500
398‑1..................... What this Division is about............................................. 499
Subdivision 398‑A—Farm Management Deposit reporting 499
398‑5..................... Reporting to Agriculture Department.............................. 499
Part 5‑30—Payment, ABN and identification verification system 501
Division 400—Guide to Part 5‑30 501
400‑1..................... What Part 5‑30 is about.................................................. 501
400‑5..................... The payment, ABN and identification verification system 501
Division 405—Transaction reporting by purchasers 502
405‑5..................... Payments to which this Division applies........................ 502
405‑10................... Reporting requirements................................................... 502
405‑15................... Invoices produced by purchasers.................................... 503
Division 410—Transaction reporting by suppliers 504
410‑5..................... Payments to which this Division applies........................ 504
410‑10................... Reporting requirements................................................... 504
410‑15................... Invoices produced by purchasers.................................... 505
Division 415—Verification of suppliers’ ABNs by purchasers 506
415‑5..................... Payments to which this Division applies........................ 506
415‑10................... ABN verification requirements....................................... 506
415‑15................... Method of obtaining ABN verification........................... 507
415‑20................... Verification applies to later payments............................. 507
Division 417—Verification of suppliers’ identities by purchasers 508
417‑5..................... Payments to which this Division applies........................ 508
417‑10................... Identity verification requirements.................................... 508
417‑15................... Method of obtaining identity verification........................ 509
417‑20................... Verification applies to later payments............................. 509
Division 420—Penalties for not reporting or verifying 510
420‑5..................... Failing to report or verify: administrative penalty........... 510
Division 425—Other matters 511
425‑20................... Constructive payment..................................................... 511
425‑25................... Non‑cash benefits........................................................... 511
Part 5‑35—Registration and similar processes for various taxes 512
Division 426—Process of endorsing charities and other entities 512
Guide to Division 426 513
426‑1..................... What this Division is about.........