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Taxation Administration Act 1953

Authoritative Version
Act No. 1 of 1953 as amended, taking into account amendments up to Treasury Laws Amendment (Reuniting More Superannuation) Act 2021
An Act to provide for the administration of certain Acts relating to Taxation, and for other purposes
Administered by: Treasury
General Comments: Section 355-25 of Schedule 1 of this Act has been modified by the operation of the Commissioner’s Remedial Power, click here to see the modification.

Paragraph 12-319A(b)(ii) of Schedule 1 of this Act has been modified by the operation of the Commissioner’s Remedial Power, click here to see the modification.
Registered 06 May 2021
Start Date 04 Apr 2021
Table of contents.

Commonwealth Coat of Arms of Australia

Taxation Administration Act 1953

No. 1, 1953

Compilation No. 179

Compilation date:                              4 April 2021

Includes amendments up to:            Act No. 24, 2021

Registered:                                         6 May 2021

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

This compilation includes a commenced amendment made by Act No. 69, 2020

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 4 April 2021 (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

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 115General 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............................................................ 36

133‑20................... How to attribute the defined benefit tax to defined benefit interests         37

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       41

Subdivision 133‑C—Compulsory payment                                                       41

Guide to Subdivision 133‑C                                                                                   41

133‑100................. What this Subdivision is about......................................... 41

Debt account discharge liability                                                                           42

133‑105................. Liability to pay debt account discharge liability................. 42

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.......................... 44

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................... 46

133‑145................. End benefit notice—material changes or omissions.......... 47

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............................... 73

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                                                            103

250‑25................... Object............................................................................. 103

Division 255—General rules about collection and recovery                      104

Subdivision 255‑A—Tax‑related liabilities                                                     104

255‑1..................... Meaning of tax‑related liability....................................... 104

255‑5..................... Recovering a tax‑related liability that is due and payable 104

Subdivision 255‑B—Commissioner’s power to vary payment time          105

255‑10................... To defer the payment time............................................... 105

255‑15................... To permit payments by instalments................................. 106

255‑20................... To bring forward the payment time in certain cases........ 106

Subdivision 255‑C—Service of documents if person absent from Australia or cannot be found              107

Guide to Subdivision 255‑C                                                                                 107

255‑35................... What this Subdivision is about....................................... 107

Operative provisions                                                                                             107

255‑40................... Service of documents if person absent from Australia or cannot be found              107

Subdivision 255‑D—Security deposits                                                              108

255‑100................. Commissioner may require security deposit................... 108

255‑105................. Notice of requirement to give security............................ 109

255‑110................. Offence........................................................................... 110

255‑115................. Order to comply with requirement.................................. 110

255‑120................. Offence........................................................................... 111

Division 260—Special rules about collection and recovery                        112

Guide to Division 260                                                                                            112

260‑1..................... What this Division is about............................................. 112

Subdivision 260‑A—From third party                                                              112

260‑5..................... Commissioner may collect amounts from third party...... 113

260‑10................... Notice to Commonwealth, State or Territory.................. 114

260‑15................... Indemnity........................................................................ 115

260‑20................... Offence........................................................................... 115

Subdivision 260‑B—From liquidator                                                               115

260‑40................... Subdivision does not apply to superannuation guarantee charge              116

260‑45................... Liquidator’s obligation.................................................... 116

260‑50................... Offence........................................................................... 117

260‑55................... Joint liability of 2 or more liquidators............................. 117

260‑60................... Liquidator’s other obligation or liability.......................... 118

Subdivision 260‑C—From receiver                                                                   118

260‑75................... Receiver’s obligation...................................................... 118

260‑80................... Offence........................................................................... 119

260‑85................... Joint liability of 2 or more receivers................................ 120

260‑90................... Receiver’s other obligation or liability............................ 120

Subdivision 260‑D—From agent winding up business for foreign resident principal  120

260‑105................. Obligation of agent winding up business for foreign resident principal   120

260‑110................. Offence........................................................................... 121

260‑115................. Joint liability of 2 or more agents.................................... 121

260‑120................. Agent’s other obligation or liability................................ 122

Subdivision 260‑E—From deceased person’s estate                                     122

260‑140................. Administered estate......................................................... 122

260‑145................. Unadministered estate..................................................... 123

260‑150................. Commissioner may authorise amount to be recovered.... 124

Division 263—Mutual assistance in the administration of foreign tax laws 125

Subdivision 263‑A—Foreign revenue claims                                                  125

Guide to Subdivision 263‑A                                                                                 125

263‑5..................... What this Subdivision is about....................................... 125

Operative provisions                                                                                             126

263‑10................... Meaning of foreign revenue claim.................................. 126

263‑15................... Requirements for foreign revenue claims........................ 126

263‑20................... Foreign Revenue Claims Register................................... 127

263‑25................... Registering claims........................................................... 127

263‑30................... When amount is due and payable.................................... 127

263‑35................... Amending the Register etc.............................................. 128

263‑40................... Payment to competent authority...................................... 129

Subdivision 263‑B—Service of documents in Australia on behalf of foreign revenue authorities           130

Guide to Subdivision 263‑B                                                                                 130

263‑55................... What this Subdivision is about....................................... 130

Operative provisions                                                                                             130

263‑60................... Meaning of foreign service of document request............ 130

263‑65................... Service of document subject to foreign service of document request       131

Division 265—Other matters                                                                              132

Subdivision 265‑A—Right of person to seek recovery or contribution    132

Guide to Subdivision 265‑A                                                                                 132

265‑35................... What this Subdivision is about....................................... 132

Operative provisions                                                                                             132

265‑40................... Right of recovery if another person is liable................... 132

265‑45................... Right of contribution if persons are jointly liable............ 133

Subdivision 265‑B—Application of laws                                                          133

265‑65................... Non‑application of certain taxation laws......................... 133

Subdivision 265‑C—Direction to pay superannuation guarantee charge 134

Guide to Subdivision 265‑C                                                                                 134

265‑85................... What this Subdivision is about....................................... 134

265‑90................... Direction to pay superannuation guarantee charge.......... 134

265‑95................... Offence........................................................................... 136

265‑100................. Variation or revocation................................................... 136

265‑105................. Effect of liability being reduced or ceasing to exist......... 137

265‑110................. Taxation objection........................................................... 138

265‑115................. Extension of period to comply if taxation objection made 138

Division 268—Estimates                                                                                      140

Guide to Division 268                                                                                            140

268‑1..................... What this Division is about............................................. 140

Subdivision 268‑A—Object                                                                                  141

268‑5..................... Object of Division.......................................................... 141

Subdivision 268‑B—Making estimates                                                             141

268‑10................... Commissioner may make estimate.................................. 141

268‑15................... Notice of estimate........................................................... 143

Subdivision 268‑C—Liability to pay estimates                                              144

268‑20................... Nature of liability to pay estimate.................................... 144

268‑25................... Accuracy of estimate irrelevant to liability to pay............ 145

268‑30................... Estimate provable in bankruptcy or winding up.............. 146

Subdivision 268‑D—Reducing and revoking estimates                                147

268‑35................... How estimate may be reduced or revoked—Commissioner’s powers     147

268‑40................... How estimate may be reduced or revoked—statutory declaration or affidavit          149

268‑45................... How estimate may be reduced or revoked—rejection of proof of debt    151

268‑50................... How estimate may be reduced—amount paid or applied 153

268‑55................... When reduction or revocation takes effect...................... 153

268‑60................... Consequences of reduction or revocation—refund......... 154

268‑65................... Consequences of reduction or revocation—statutory demand changed or set aside 154

268‑70................... Consequences of reduction or revocation—underlying liability               155

Subdivision 268‑E—Late payment of estimates                                             155

268‑75................... Liability to pay the general interest charge...................... 155

268‑80................... Effect of paying the general interest charge..................... 156

Subdivision 268‑F—Miscellaneous                                                                    157

268‑85................... Effect of judgment on liability on which it is based........ 157

268‑90................... Requirements for statutory declaration or affidavit......... 158

268‑95................... Liquidators, receivers and trustees in bankruptcy........... 161

268‑100................. Division not to limit or exclude Corporations or Bankruptcy Act            163

Division 269—Penalties for directors of non‑complying companies       164

Guide to Division 269                                                                                            164

269‑1..................... What this Division is about............................................. 164

Subdivision 269‑A—Object and scope                                                              165

269‑5..................... Object of Division.......................................................... 165

269‑10................... Scope of Division........................................................... 165

Subdivision 269‑B—Obligations and penalties                                              168

269‑15................... Directors’ obligations..................................................... 168

269‑20................... Penalty............................................................................ 169

269‑25................... Notice............................................................................. 170

269‑30................... Effect on penalty of directors’ obligation ending before end of notice period          171

269‑35................... Defences......................................................................... 177

Subdivision 269‑C—Discharging liabilities                                                    179

269‑40................... Effect of director paying penalty or company discharging liability           179

269‑45................... Directors’ rights of indemnity and contribution.............. 180

Subdivision 269‑D—Miscellaneous                                                                   180

269‑50................... How notice may be given............................................... 181

269‑52................... Copies of notices............................................................ 181

269‑55................... Division not to limit or exclude Corporations Act.......... 181

Part 4‑25—Charges and penalties                                                                     182

Division 280—Shortfall interest charge                                                           182

Guide to Division 280                                                                                            182

280‑1..................... Guide to Division 280.................................................... 182

Subdivision 280‑A—Object of Division                                                            182

280‑50................... Object of Division.......................................................... 182

Subdivision 280‑B—Shortfall interest charge                                                183

280‑100................. Liability to shortfall interest charge—income tax............ 183

280‑101................. Liability to shortfall interest charge—excess exploration credit tax          185

280‑102................. Liability to shortfall interest charge—petroleum resource rent tax            185

280‑102A.............. Liability to shortfall interest charge—excess non‑concessional contributions tax    186

280‑102B.............. Liability to shortfall interest charge—Division 293 tax... 187

280‑102C.............. Liability to shortfall interest charge—diverted profits tax 189

280‑103................. Liability to shortfall interest charge—general.................. 190

280‑105................. Amount of shortfall interest charge................................. 190

280‑110................. Notification by Commissioner........................................ 191

Subdivision 280‑C—Remitting shortfall interest charge                             191

280‑160................. Remitting shortfall interest charge................................... 191

280‑165................. Commissioner must give reasons for not remitting in certain cases         192

280‑170................. Objecting against remission decision.............................. 192

Division 284—Administrative penalties for statements, unarguable positions and schemes      193

Guide to Division 284                                                                                            193

284‑5..................... What this Division is about............................................. 193

Subdivision 284‑A—General provisions                                                          193

284‑10................... Object of Division.......................................................... 194

284‑15................... When a matter is reasonably arguable........................... 194

284‑20................... Which statements this Division applies to....................... 195

284‑25................... Statements by agents....................................................... 195

284‑30................... Application of Division to trusts..................................... 195

284‑35................... Application of Division to partnerships.......................... 195

Subdivision 284‑B—Penalties relating to statements                                    196

Guide to Subdivision 284‑B                                                                                 196

284‑70................... What this Subdivision is about....................................... 196

Operative provisions                                                                                             197

284‑75................... Liability to penalty.......................................................... 197

284‑80................... Shortfall amounts........................................................... 200

284‑85................... Amount of penalty.......................................................... 202

284‑90................... Base penalty amount....................................................... 203

284‑95................... Joint and several liability of directors of corporate trustee that makes a false or misleading statement     207

Subdivision 284‑C—Penalties relating to schemes                                        208

Guide to Subdivision 284‑C                                                                                 208

284‑140................. What this Subdivision is about....................................... 208

Operative provisions                                                                                             208

284‑145................. Liability to penalty.......................................................... 208

284‑150................. Scheme benefits and scheme shortfall amounts.............. 210

284‑155................. Amount of penalty.......................................................... 212

284‑160................. Base penalty amount: schemes....................................... 213

284‑165................. Exception—threshold for penalty arising from cross‑border transfer pricing          214

Subdivision 284‑D—Provisions common to Subdivisions 284‑B and 284‑C 215

284‑220................. Increase in base penalty amount...................................... 216

284‑224................. Reduction of base penalty amount if law was applied in an accepted way               217

284‑225................. Reduction of base penalty amount if you voluntarily tell the Commissioner            217

Subdivision 284‑E—Special rules about unarguable positions for cross‑border transfer pricing           219

284‑250................. Undocumented transfer pricing treatment not reasonably arguable          219

284‑255................. Documentation requirements.......................................... 219

Division 286—Penalties for failing to lodge documents on time               221

Subdivision 286‑A—Guide to Division 286                                                     221

286‑1..................... What this Division is about............................................. 221

Subdivision 286‑B—Object of Division                                                            221

286‑25................... Object of Division.......................................................... 221

Subdivision 286‑C—Penalties for failing to lodge documents on time    222

286‑75................... Liability to penalty.......................................................... 222

286‑80................... Amount of penalty.......................................................... 224

Division 288—Miscellaneous administrative penalties                                228

288‑10................... Penalty for non‑electronic notification............................ 228

288‑20................... Penalty for non‑electronic payment................................. 229

288‑25................... Penalty for failure to keep or retain records.................... 229

288‑30................... Penalty for failure to retain or produce declarations........ 230

288‑35................... Penalty for preventing access etc.................................... 230

288‑40................... Penalty for failing to register or cancel registration......... 231

288‑45................... Penalty for failing to issue tax invoice etc....................... 231

288‑46................... Penalty for failing to ensure tax information about supplies of low value goods is included in customs documents....................................................................... 231

288‑50................... Penalty for both principal and agent issuing certain documents               232

288‑70................... Administrative penalties for life insurance companies.... 232

288‑75................... Administrative penalty for a copyright or resale royalty collecting society               234

288‑80................... Administrative penalty for over declaring conduit foreign income           234

288‑85................... Failure by Reporting Financial Institution to obtain self‑certification       235

288‑95................... Failing to comply etc. with release authority................... 236

288‑100................. Excess money paid under release authority..................... 237

288‑105................. Superannuation provider to calculate crystallised pre‑July 83 amount of superannuation interest by 30 June 2008................................................................................ 237

288‑110................. Contravention of superannuation data and payment regulation or standard              238

288‑115................. AMIT under or over resulting from intentional disregard of or recklessness as to taxation law              239

288‑120................. Prohibited offsets of liabilities using interest etc. accrued on farm management deposits        241

288‑125................. Producing or supplying electronic sales suppression tools 242

288‑130................. Possessing electronic sales suppression tools................. 242

288‑135................. Incorrectly keeping records using electronic sales suppression tools       243

Division 290—Promotion and implementation of schemes                        244

Subdivision 290‑A—Preliminary                                                                       244

290‑5..................... Objects of this Division.................................................. 244

290‑10................... Extra‑territorial application.............................................. 244

Subdivision 290‑B—Civil penalties                                                                   244

290‑50................... Civil penalties................................................................. 245

290‑55................... Exceptions...................................................................... 247

290‑60................... Meaning of promoter..................................................... 249

290‑65................... Meaning of tax exploitation scheme................................ 249

Subdivision 290‑C—Injunctions                                                                         250

290‑120................. Conduct to which this Subdivision applies..................... 251

290‑125................. Injunctions...................................................................... 251

290‑130................. Interim injunctions.......................................................... 251

290‑135................. Delay in making ruling................................................... 251

290‑140................. Discharge etc. of injunctions........................................... 252

290‑145................. Certain limits on granting injunctions not to apply.......... 252

290‑150................. Other powers of the Federal Court unaffected................ 253

Subdivision 290‑D—Voluntary undertakings                                                 253

290‑200................. Voluntary undertakings.................................................. 253

Division 295—Miscellaneous civil penalties                                                   254

Subdivision 295‑B—Civil penalty for possession of tobacco without relevant documentation 254

Guide to Subdivision 295‑B                                                                                 254

295‑70................... What this Subdivision is about....................................... 254

295‑75................... Possession of tobacco without relevant documentation etc. 255

295‑80................... Things treated as tobacco................................................ 257

Division 298—Machinery provisions for penalties                                       258

Subdivision 298‑A—Administrative penalties                                                258

298‑5..................... Scope of Subdivision...................................................... 258

298‑10................... Notification of liability.................................................... 258

298‑15................... Due date for penalty........................................................ 259

298‑20................... Remission of penalty...................................................... 259

298‑25................... General interest charge on unpaid penalty....................... 259

298‑30................... Assessment of penalties under Division 284 or section 288‑115             260

Subdivision 298‑B—Civil penalties                                                                   260

298‑80................... Application of Subdivision............................................. 260

298‑85................... Civil evidence and procedure rules for civil penalty orders 261

298‑90................... Civil proceedings after criminal proceedings.................. 261

298‑95................... Criminal proceedings during civil proceedings............... 261

298‑100................. Criminal proceedings after civil proceedings.................. 261

298‑105................. Evidence given in proceedings for penalty not admissible in criminal proceedings  262

298‑110................. Civil double jeopardy...................................................... 262

Part 4‑30—Offences and prosecutions                                                            263

Division 308—Offences relating to tobacco                                                    263

Guide to Division 308                                                                                            263

308‑1..................... What this Division is about............................................. 263

Subdivision 308‑A—Reasonable suspicion offences relating to tobacco 263

Guide to Subdivision 308‑A                                                                                 263

308‑5..................... What this Subdivision is about....................................... 263

308‑10................... Possession of tobacco (500 kilograms or above)—reasonable suspicion offence    264

308‑15................... Possession of tobacco (100 kilograms or above)—reasonable suspicion offence    267

308‑20................... Possession of tobacco (5 kg or above)—reasonable suspicion offence   270

308‑25................... Sale of tobacco (500 kilograms or above)—reasonable suspicion offence               272

308‑30................... Sale of tobacco (100 kilograms or above)—reasonable suspicion offence               275

308‑35................... Sale of tobacco (5 kg or above)—reasonable suspicion offence              277

308‑40................... Buying of tobacco (500 kilograms or above)—reasonable suspicion offence          280

308‑45................... Buying of tobacco (100 kilograms or above)—reasonable suspicion offence          283

308‑50................... Buying of tobacco (5 kg or above)—reasonable suspicion offence         285

308‑55................... Matters taken to satisfy “reasonable to suspect” requirement 288

Subdivision 308‑B—Fault‑based offences of possession, production and manufacture              290

Guide to Subdivision 308‑B                                                                                 290

308‑105................. What this Subdivision is about....................................... 290

308‑110................. Possession of tobacco (500 kg or above)—fault‑based offence               291

308‑115................. Possession of tobacco (100 kg or above)—fault‑based offence               293

308‑120................. Possession of tobacco (5 kg or above)—fault‑based offence.. 296

308‑125................. Manufacture or production of tobacco (500 kg or above)—fault‑based offence      298

308‑130................. Manufacture or production of tobacco (100 kg or above)—fault‑based offence      300

308‑135................. Manufacture or production of tobacco (5 kg or above)—fault‑based offence          302

Subdivision 308‑C—Offences relating to equipment relating to the manufacture or production of tobacco        305

Guide to Subdivision 308‑C                                                                                 305

308‑200................. What this Subdivision is about....................................... 305

308‑205................. Possession of equipment for use in illegal manufacture or production of tobacco   305

308‑210................. Possession of equipment designed or adapted to manufacture or produce tobacco  306

Subdivision 308‑E—Other provisions                                                              307

Guide to Subdivision 308‑E                                                                                 307

308‑500................. What this Subdivision is about....................................... 307

308‑505................. Things treated as tobacco................................................ 308

308‑510................. Matters treated as possession.......................................... 308

308‑515................. Where excise duty or customs duty is treated as not payable for the purpose of the reasonable suspicion offences.......................................................................... 308

308‑520................. Section 8ZD does not apply to this Division.................. 309

Part 4‑50—Release from particular liabilities                                            310

Division 340Commissioner’s power in cases of hardship                        310

Guide to Division 340                                                                                            310

340‑1..................... What this Division is about............................................. 310

Operative provisions                                                                                             310

340‑5..................... Release from particular liabilities in cases of serious hardship 310

340‑10................... Liabilities to which this section applies........................... 312

340‑15................... Commissioner may take action to give effect to a release decision           313

340‑20................... Extinguishing your liability to pay a fringe benefits tax instalment if you are released             314

340‑25................... Extinguishing your liability to pay a PAYG instalment if you are released              314

Division 342Commissioner’s power relating to proceeds of crime proceedings       316

Guide to Division 342                                                                                            316

342‑1..................... What this Division is about............................................. 316

Subdivision 342‑A—Power to waive right to payment of tax‑related liabilities            316

342‑5..................... Object of this Subdivision.............................................. 316

342‑10................... Power to waive right to payment of tax‑related liability.. 317

Part 4‑90—Evidence                                                                                                 319

Division 350—Evidence                                                                                       319

Guide to Division 350                                                                                            319

350‑1..................... What this Division is about............................................. 319

Subdivision 350‑A—Evidence                                                                             319

350‑5..................... Application of Subdivision............................................. 319

350‑10................... Evidence......................................................................... 320

350‑12................... Prima facie evidence—particulars stated in evidentiary certificate            322

350‑15................... Judicial notice of signature.............................................. 323

350‑20................... Certain statements or averments in proceedings to recover tax‑related liabilities      323

350‑25................... Evidence by affidavit in proceedings to recover tax‑related liabilities       324

Chapter 5—Administration                                                                                         325

Part 5‑1—The Australian Taxation Office                                                   325

Division 352—Commissioner’s reporting obligations                                 325

Guide to Division 352                                                                                            325

352‑1..................... What this Division is about............................................. 325

Subdivision 352‑A—Accountability of the Commissioner in respect of indirect tax laws           325

352‑5..................... Commissioner must prepare annual report on indirect tax laws               325

Subdivision 352‑C—Reporting on working holiday makers                      326

352‑25................... Commissioner must prepare annual report on working holiday makers   326

Division 353—Powers to obtain information and evidence                        327

Guide to Division 353                                                                                            327

353‑1..................... What this Division is about............................................. 327

Subdivision 353‑A—Powers to obtain information and evidence             327

353‑10................... Commissioner’s power................................................... 327

353‑15................... Access to premises, documents etc................................. 328

353‑20................... Checking status of specifically listed deductible gift recipients                329

Subdivision 353‑B—Powers to obtain information and evidence from overseas          331

353‑25................... Offshore information notices.......................................... 331

353‑30................... Offshore information notices—consequence of not complying               333

Division 354—Power to obtain information about rights or interests in property       335

354‑5..................... Power to obtain information about rights or interests in property            335

Division 355—Confidentiality of taxpayer information                             337

Guide to Division 355                                                                                            337

355‑1..................... What this Division is about............................................. 337

Subdivision 355‑A—Objects and application of Division                            338

355‑10................... Objects of Division......................................................... 338

355‑15................... Application of Division.................................................. 338

Subdivision 355‑B—Disclosure of protected information by taxation officers             339

Guide to Subdivision 355‑B                                                                                 339

355‑20................... What this Subdivision is about....................................... 339

Operative provisions                                                                                             339

355‑25................... Offence—disclosure of protected information by taxation officers          339

355‑30................... Meaning of protected information and taxation officer... 341

355‑35................... Consent is not a defence................................................. 341

355‑40................... Generality of Subdivision not limited............................. 341

355‑45................... Exception—disclosure of publicly available information 342

355‑47................... Exception—disclosure of periodic aggregate tax information  342

355‑50................... Exception—disclosure in performing duties................... 342

355‑55................... Exception—disclosure to Ministers................................ 345

355‑60................... Limits on disclosure to Ministers.................................... 347

355‑65................... Exception—disclosure for other government purposes.. 348

355‑70................... Exception—disclosure for law enforcement and related purposes           364

355‑72................... Exception—disclosure to credit reporting bureaus.......... 370

355‑75................... Limits on disclosure to courts and tribunals.................... 373

Subdivision 355‑C—On‑disclosure of protected information by other people               373

Guide to Subdivision 355‑C                                                                                 373

355‑150................. What this Subdivision is about....................................... 373

Operative provisions                                                                                             374

355‑155................. Offence—on‑disclosure of protected information by other people           374

355‑160................. Consent is not a defence................................................. 375

355‑165................. Generality of Subdivision not limited............................. 375

355‑170................. Exception—on‑disclosure of publicly available information 375

355‑172................. Exception—disclosure of periodic aggregate tax information  376

355‑175................. Exception—on‑disclosure for original purpose.............. 376

355‑180................. Exception—on‑disclosure to Ministers in relation to statutory powers or functions                377

355‑182................. Exception—on‑disclosure of certain information to Commonwealth Ombudsman  378

355‑185................. Exception—on‑disclosure in relation to IGIS................. 379

355‑190................. Exception—on‑disclosure in relation to ASIO............... 379

355‑195................. Exception—on‑disclosure by Royal Commissions......... 380

355‑200................. Exception—records made in compliance with Australian laws                381

355‑205................. Limits on on‑disclosure to courts or tribunals................. 381

355‑210................. Limits on on‑disclosure to Ministers.............................. 382

355‑215................. Exception—on‑disclosure of information disclosed to credit reporting bureaus      382

Subdivision 355‑D—Disclosure of protected information that has been unlawfully acquired   383

Guide to Subdivision 355‑D                                                                                 383

355‑260................. What this Subdivision is about....................................... 383

Operative provisions                                                                                             383

355‑265................. Offence—disclosure of protected information acquired in breach of a taxation law 383

355‑270................. Exception—disclosure of publicly available information 384

355‑275................. Exception—disclosure in relation to a taxation law......... 384

355‑280................. Limits on disclosure to courts and tribunals.................... 384

Subdivision 355‑E—Other matters                                                                    385

Guide to Subdivision 355‑E                                                                                 385

355‑320................. What this Subdivision is about....................................... 385

Operative provisions                                                                                             385

355‑325................. Oath or affirmation to protect information...................... 385

355‑330................. Injunctions to prevent contravention of non‑disclosure provisions          386

355‑335................. Procedures for disclosing protected information............. 387

Division 356—General administration of tax laws                                       389

Guide to Division 356                                                                                            389

356‑1..................... What this Division is about............................................. 389

Subdivision 356‑A—Indirect tax laws                                                               389

356‑5..................... Commissioner has general administration of indirect tax laws 389

Subdivision 356‑B—Major bank levy                                                               389

356‑10................... Commissioner has general administration of major bank levy 389

Part 5‑5—Rulings                                                                                                       390

Division 357—Object and common rules                                                         390

Guide to Division 357                                                                                            390

357‑1..................... What this Division is about............................................. 390

Subdivision 357‑A—Object of this Part                                                            390

357‑5..................... Object of this Part........................................................... 391

Subdivision 357‑B—Common rules for rulings                                             392

Rules for all rulings                                                                                               392

357‑50................... Scope of Division........................................................... 392

357‑55................... The provisions that are relevant for rulings..................... 393

357‑60................... When rulings are binding on the Commissioner............. 393

357‑65................... Stopping relying on a ruling........................................... 396

357‑70................... Commissioner may apply the law if more favourable than the ruling       397

357‑75................... Inconsistent rulings......................................................... 397

357‑80................... Contracts for schemes..................................................... 399

357‑85................... Effect on ruling if relevant provision re‑enacted............. 399

357‑90................... Validity of ruling not affected by formal defect.............. 399

Common rules for public and private rulings                                                400

357‑95................... Electronic communications............................................. 400

Common rules for private and oral rulings                                                    400

357‑105................. Further information must be sought................................ 400

357‑110................. Assumptions in making private or oral ruling................. 400

357‑115................. Additional information provided by applicant................. 401

357‑120................. Commissioner may take into account information from third parties       401

357‑125................. Applications and objections not to affect obligations and powers            401

Division 358—Public rulings                                                                              403

Guide to Division 358                                                                                            403

358‑1..................... What this Division is about............................................. 403

Making public rulings                                                                                           403

358‑5..................... What is a public ruling?.................................................. 403

358‑10................... Application of public rulings.......................................... 404

358‑15................... When a public ruling ceases to apply.............................. 404

Withdrawing public rulings                                                                                 405

358‑20................... Withdrawing public rulings............................................ 405

Division 359—Private rulings                                                                            406

Guide to Division 359                                                                                            406

359‑1..................... What this Division is about............................................. 406

Private rulings                                                                                                        407

359‑5..................... Private rulings................................................................. 407

359‑10................... Applying for a private ruling.......................................... 407

359‑15................... Private rulings to be given to applicants.......................... 407

359‑20................... Private rulings must contain certain details..................... 407

359‑25................... Time of application of private rulings............................. 408

359‑30................... Ruling for trustee of a trust............................................. 408

359‑35................... Dealing with applications................................................ 409

359‑40................... Valuations....................................................................... 409

359‑45................... Related rulings................................................................ 410

359‑50................... Delays in making private rulings.................................... 411

359‑55................... Revised private rulings................................................... 412

359‑60................... Objections, reviews and appeals relating to private rulings 413

359‑65................... Commissioner may consider new information on objection 414

359‑70................... Successful objection decision alters ruling...................... 414

Division 360—Oral rulings                                                                                 415

Guide to Division 360                                                                                            415

360‑1..................... What this Division is about............................................. 415

Oral rulings                                                                                                             415

360‑5..................... Applying for and making of oral rulings........................ 415

360‑10................... Withdrawing an application for an oral ruling................. 417

360‑15................... Commissioner determinations......................................... 417

Division 361—Non‑ruling advice and general administrative practice  418

361‑5..................... Non‑ruling advice and general administrative practice.... 418

Division 362—Rulings by Innovation and Science Australia that activities are not ineligible activities                419

Guide to Division 362                                                                                            419

362‑1..................... What this Division is about............................................. 419

Public rulings by Innovation and Science Australia                                     420

362‑5..................... Innovation and Science Australia may make public rulings on a specified class of activities   420

362‑10................... Application of public rulings.......................................... 421

362‑15................... When a public ruling ceases to apply.............................. 421

362‑20................... Withdrawing public rulings............................................ 421

Private rulings by Innovation and Science Australia                                   421

362‑25................... Innovation and Science Australia may make private rulings on a specified activity 421

362‑30................... Applying for a private ruling.......................................... 422

362‑35................... Innovation and Science Australia must give notice of its decision           422

362‑40................... Private rulings must contain certain details..................... 423

362‑45................... Application of private rulings......................................... 423

362‑50................... Delays in making private rulings.................................... 423

362‑55................... When a private ruling ceases to apply............................. 425

362‑60................... Withdrawing private rulings........................................... 425

General provisions                                                                                                 425

362‑65................... When rulings are binding on the Commissioner and Innovation and Science Australia           425

362‑70................... Application of common rules under Subdivision 357‑B. 426

362‑75................... Application of Divisions 358 and 359............................ 426

Part 5‑10—Commissioner’s remedial power                                               427

Division 370—Commissioner’s remedial power                                            427

Guide to Division 370                                                                                            427

370‑1..................... What this Division is about............................................. 427

Subdivision 370‑A—Commissioner’s remedial power                                 428

370‑5..................... Commissioner’s remedial power.................................... 428

370‑10................... Intended purpose or object.............................................. 429

370‑15................... Repeal of determinations................................................. 430

370‑20................... Commencement of determinations.................................. 430

Part 5‑25—Record‑keeping and other obligations relating to taxpayers            431

Division 382—Record‑keeping                                                                           431

Guide to Division 382                                                                                            431

382‑1..................... What this Division is about............................................. 431

Subdivision 382‑A—Keeping records of indirect tax transactions           431

382‑5..................... Keeping records of indirect tax transactions.................... 431

Subdivision 382‑B—Record keeping obligations of deductible gift recipients               435

382‑15................... Deductible gift recipients to keep records....................... 435

Division 384—Education directions                                                                  437

Guide to Division 384                                                                                            437

384‑5..................... What this Division is about............................................. 437

384‑10................... When an education direction may be given..................... 437

384‑15................... Education direction......................................................... 438

384‑20................... Approval of courses of education................................... 439

384‑25................... Costs of course of education........................................... 440

384‑30................... Variation or revocation on Commissioner’s own initiative 440

384‑35................... Variation on request........................................................ 440

384‑40................... Taxation objection........................................................... 441

Division 388—Requirements about giving material to the Commissioner 442

Subdivision 388‑A—Object of Division                                                            442

388‑5..................... Object of Division.......................................................... 442

Subdivision 388‑B—General provisions                                                          442

388‑50................... Approved forms............................................................. 442

388‑52................... Saturdays, Sundays and public holidays......................... 443

388‑55................... Commissioner may defer time for lodgment................... 443

388‑60................... Declaration by entity....................................................... 444

388‑65................... Declaration by entity where agent gives document......... 444

388‑70................... Declaration by agent....................................................... 445

388‑75................... Signing declarations........................................................ 445

388‑80................... Electronic notification of BAS amounts.......................... 446

388‑85................... Truncating amounts........................................................ 446

Division 389—Reporting by employers                                                           447

Guide to Division 389                                                                                            447

389‑1..................... What this Division is about............................................. 447

389‑5..................... Required reporting by employers.................................... 447

389‑10................... Exemptions..................................................................... 450

389‑15................... Voluntary reporting by employers in relation to taxation laws 450

389‑20................... Effect on reporting requirements under Subdivision 16‑C 451

389‑25................... Grace periods for correcting false or misleading notifications  452

389‑30................... Voluntary reporting by employers in relation to child support laws         453

Division 390Superannuation reporting                                                        456

Guide to Division 390                                                                                            456

390‑1..................... What this Division is about............................................. 456

Subdivision 390‑A—Member information statements and roll‑over superannuation benefit statements               456

390‑5..................... Member information statements...................................... 456

390‑7..................... Grace periods for correcting false or misleading member information statements    459

390‑10................... Statements about roll‑over superannuation benefits etc... 460

390‑12................... Statements about benefits paid to KiwiSaver schemes.... 462

390‑15................... Superannuation statements to members.......................... 463

390‑20................... Statements relating to holders of certain life insurance policies                464

Subdivision 390‑BStatements relating to release authorities                 465

390‑65................... Statements relating to release authorities......................... 465

Subdivision 390‑COther statements                                                              467

390‑115................. Change or omission in information given to the Commissioner               467

Division 392—Employee share scheme reporting                                         468

Guide to Division 392                                                                                            468

392‑1..................... What this Division is about............................................. 468

Subdivision 392‑A—Statements                                                                          468

392‑5..................... Statements by providers.................................................. 468

392‑10................... Change or omission in information given to the Commissioner               471

Subdivision 392‑B—Miscellaneous                                                                   472

392‑15................... Application of certain provisions of Division 83A of the Income Tax Assessment Act 1997  472

Division 393—Reports by investment bodies                                                  473

Guide to Division 393                                                                                            473

393‑1..................... What this Division is about............................................. 473

393‑5..................... Reports about quoting tax file numbers and ABNs........ 473

393‑10................... Annual investment income reports.................................. 474

393‑15................... Errors in reports.............................................................. 475

Division 394Reporting about forestry managed investment schemes  476

Guide to Division 394