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 47
Guide to Division 135 48
135‑1..................... What this Division is about............................................... 47
Subdivision 135‑A—When the Commissioner must issue a release authority 47
Guide to Subdivision 135‑A 47
135‑5..................... What this Subdivision is about......................................... 47
Operative provisions 48
135‑10................... Release authorities............................................................ 48
Subdivision 135‑B—When a release authority can be given to a superannuation provider 49
Guide to Subdivision 135‑B 49
135‑35................... What this Subdivision is about......................................... 49
Operative provisions 50
135‑40................... When you may give release authority to superannuation provider 50
Subdivision 135‑C—Release of superannuation money under a release authority 50
Guide to Subdivision 135‑C 50
135‑70................... What this Subdivision is about......................................... 50
Operative provisions 51
135‑75................... Requirement for superannuation provider to release money 51
135‑80................... Compensation for acquisition of property......................... 52
135‑85................... Release amount................................................................. 52
135‑90................... How the Commissioner applies amounts received under a release authority 53
135‑95................... Defined benefit interests—releasing amounts to pay debt account discharge liability 53
135‑100................. Income tax treatment of amounts released—proportioning rule does not apply 53
Division 136—Transfer balance cap 54
Guide to Division 136 55
136‑1..................... What this Division is about............................................... 54
Subdivision 136‑A—Excess transfer balance determinations 54
Guide to Subdivision 136‑A 54
136‑5..................... What this Subdivision is about......................................... 54
Operative provisions 55
136‑10................... Excess transfer balance determination............................... 55
136‑15................... Review.............................................................................. 56
136‑20................... Electing to commute a different superannuation income stream 56
136‑25................... Notifying Commissioner of transfer balance debits.......... 57
Subdivision 136‑B—Commutation authorities 58
Guide to Subdivision 136‑B 58
136‑50................... What this Subdivision is about......................................... 58
Obligations of Commissioner 59
136‑55................... Issuing of commutation authorities................................... 59
136‑60................... Varying and revoking a commutation authority................ 60
136‑65................... Issuing further commutation authorities............................ 60
136‑70................... Notifying of non‑commutable excess transfer balance...... 61
Obligations of superannuation income stream providers 62
136‑80................... Obligations on superannuation income stream providers.. 62
136‑85................... Notifying the Commissioner............................................. 63
136‑90................... Notifying you................................................................... 63
Division 138—First home super saver scheme 64
Guide to Division 138 65
138‑1..................... What this Division is about............................................... 64
Subdivision 138‑A—First home super saver determination 64
Guide to Subdivision 138‑A 64
138‑5..................... What this Subdivision is about......................................... 64
Operative provisions 65
138‑10................... First home super saver determination............................... 65
138‑15................... Review.............................................................................. 66
Subdivision 138‑B—FHSS maximum release amount 66
Guide to Subdivision 138‑B 66
138‑20................... What this Subdivision is about......................................... 66
Operative provisions 67
138‑25................... FHSS maximum release amount....................................... 67
138‑30................... FHSS releasable contributions amount............................. 67
138‑35................... Eligible contributions........................................................ 68
138‑40................... Associated earnings.......................................................... 70
Part 3‑30—Diverted profits tax 71
Division 145—Assessments of diverted profits tax 71
Guide to Division 145 72
145‑1..................... What this Division is about............................................... 71
145‑5..................... DPT assessments—modified application of Division 155 71
145‑10................... When DPT assessments can be made............................... 71
145‑15................... Period of review of DPT assessments.............................. 72
145‑20................... Review of assessments..................................................... 73
145‑25................... Restricted DPT evidence................................................... 74
Chapter 4—Generic assessment, collection and recovery rules 77
Part 4‑1—Returns and assessments 77
Division 155—Assessments 77
Guide to Division 155 78
155‑1..................... What this Division is about............................................... 77
Subdivision 155‑A—Making assessments 77
155‑5..................... Commissioner may make assessment............................... 78
155‑10................... Commissioner must give notice of assessment................. 79
155‑15................... Self‑assessment................................................................ 79
155‑20................... Assessment of indirect tax on importations and customs dealing 81
155‑25................... Special assessment............................................................ 82
155‑30................... Delays in making assessments.......................................... 82
Subdivision 155‑B—Amending assessments 83
When Commissioner may amend assessments 83
155‑35................... Amendment during period of review................................ 83
155‑40................... Amendment during period of review—certain applications taken to be notices 85
155‑45................... Amendment on application............................................... 86
155‑50................... Amendment to give effect to private ruling....................... 86
155‑55................... Amendment to give effect to certain anti‑avoidance declarations 86
155‑60................... Amendment because of review, objection or fraud........... 87
Special rules about amending amended assessments 87
155‑65................... Amending amended assessments...................................... 87
155‑70................... Refreshed period of review............................................... 87
General rules 88
155‑75................... Refunds of amounts overpaid........................................... 88
155‑80................... Amended assessments are assessments............................ 88
Subdivision 155‑C—Validity and review of assessments 89
155‑85................... Validity of assessment...................................................... 89
155‑90................... Review of assessments..................................................... 89
Subdivision 155‑D—Miscellaneous 89
155‑95................... Entities.............................................................................. 89
Part 4‑15—Collection and recovery of tax‑related liabilities and other amounts 91
Division 250—Introduction 91
Subdivision 250‑A—Guide to Part 4‑15 91
250‑1..................... What this Part is about...................................................... 91
250‑5..................... Some important concepts about tax‑related liabilities........ 91
250‑10................... Summary of tax‑related liabilities...................................... 92
Subdivision 250‑B—Object of this Part 101
250‑25................... Object............................................................................. 101
Division 255—General rules about collection and recovery 102
Subdivision 255‑A—Tax‑related liabilities 102
255‑1..................... Meaning of tax‑related liability....................................... 102
255‑5..................... Recovering a tax‑related liability that is due and payable 102
Subdivision 255‑B—Commissioner’s power to vary payment time 103
255‑10................... To defer the payment time............................................... 103
255‑15................... To permit payments by instalments................................. 104
255‑20................... To bring forward the payment time in certain cases........ 104
Subdivision 255‑C—Service of documents if person absent from Australia or cannot be found 105
Guide to Subdivision 255‑C 105
255‑35................... What this Subdivision is about....................................... 105
Operative provisions 105
255‑40................... Service of documents if person absent from Australia or cannot be found 105
Subdivision 255‑D—Security deposits 106
255‑100................. Commissioner may require security deposit................... 106
255‑105................. Notice of requirement to give security............................ 107
255‑110................. Offence........................................................................... 108
255‑115................. Order to comply with requirement.................................. 108
255‑120................. Offence........................................................................... 109
Division 260—Special rules about collection and recovery 110
Guide to Division 260 111
260‑1..................... What this Division is about............................................. 110
Subdivision 260‑A—From third party 110
260‑5..................... Commissioner may collect amounts from third party...... 111
260‑10................... Notice to Commonwealth, State or Territory.................. 112
260‑15................... Indemnity........................................................................ 113
260‑20................... Offence........................................................................... 113
Subdivision 260‑B—From liquidator 113
260‑40................... Subdivision does not apply to superannuation guarantee charge 114
260‑45................... Liquidator’s obligation.................................................... 114
260‑50................... Offence........................................................................... 115
260‑55................... Joint liability of 2 or more liquidators............................. 115
260‑60................... Liquidator’s other obligation or liability.......................... 116
Subdivision 260‑C—From receiver 116
260‑75................... Receiver’s obligation...................................................... 116
260‑80................... Offence........................................................................... 117
260‑85................... Joint liability of 2 or more receivers................................ 118
260‑90................... Receiver’s other obligation or liability............................ 118
Subdivision 260‑D—From agent winding up business for foreign resident principal 118
260‑105................. Obligation of agent winding up business for foreign resident principal 118
260‑110................. Offence........................................................................... 119
260‑115................. Joint liability of 2 or more agents.................................... 119
260‑120................. Agent’s other obligation or liability................................ 120
Subdivision 260‑E—From deceased person’s estate 120
260‑140................. Administered estate......................................................... 120
260‑145................. Unadministered estate..................................................... 121
260‑150................. Commissioner may authorise amount to be recovered.... 122
Division 263—Mutual assistance in the administration of foreign tax laws 123
Subdivision 263‑A—Foreign revenue claims 123
Guide to Subdivision 263‑A 123
263‑5..................... What this Subdivision is about....................................... 123
Operative provisions 124
263‑10................... Meaning of foreign revenue claim.................................. 124
263‑15................... Requirements for foreign revenue claims........................ 124
263‑20................... Foreign Revenue Claims Register................................... 124
263‑25................... Registering claims........................................................... 125
263‑30................... When amount is due and payable.................................... 125
263‑35................... Amending the Register etc.............................................. 126
263‑40................... Payment to competent authority...................................... 127
Subdivision 263‑B—Service of documents in Australia on behalf of foreign revenue authorities 128
Guide to Subdivision 263‑B 128
263‑55................... What this Subdivision is about....................................... 128
Operative provisions 128
263‑60................... Meaning of foreign service of document request............ 128
263‑65................... Service of document subject to foreign service of document request 129
Division 265—Other matters 130
Subdivision 265‑A—Right of person to seek recovery or contribution 130
Guide to Subdivision 265‑A 130
265‑35................... What this Subdivision is about....................................... 130
Operative provisions 130
265‑40................... Right of recovery if another person is liable................... 130
265‑45................... Right of contribution if persons are jointly liable............ 131
Subdivision 265‑B—Application of laws 131
265‑65................... Non‑application of certain taxation laws......................... 131
Subdivision 265‑C—Direction to pay superannuation guarantee charge 132
Guide to Subdivision 265‑C 132
265‑85................... What this Subdivision is about....................................... 132
265‑90................... Direction to pay superannuation guarantee charge.......... 132
265‑95................... Offence........................................................................... 134
265‑100................. Variation or revocation................................................... 134
265‑105................. Effect of liability being reduced or ceasing to exist......... 135
265‑110................. Taxation objection........................................................... 136
265‑115................. Extension of period to comply if taxation objection made 136
Division 268—Estimates 138
Guide to Division 268 139
268‑1..................... What this Division is about............................................. 138
Subdivision 268‑A—Object 139
268‑5..................... Object of Division.......................................................... 139
Subdivision 268‑B—Making estimates 139
268‑10................... Commissioner may make estimate.................................. 139
268‑15................... Notice of estimate........................................................... 141
Subdivision 268‑C—Liability to pay estimates 142
268‑20................... Nature of liability to pay estimate.................................... 142
268‑25................... Accuracy of estimate irrelevant to liability to pay............ 143
268‑30................... Estimate provable in bankruptcy or winding up.............. 144
Subdivision 268‑D—Reducing and revoking estimates 145
268‑35................... How estimate may be reduced or revoked—Commissioner’s powers 145
268‑40................... How estimate may be reduced or revoked—statutory declaration or affidavit 147
268‑45................... How estimate may be reduced or revoked—rejection of proof of debt 149
268‑50................... How estimate may be reduced—amount paid or applied 151
268‑55................... When reduction or revocation takes effect...................... 151
268‑60................... Consequences of reduction or revocation—refund......... 152
268‑65................... Consequences of reduction or revocation—statutory demand changed or set aside 152
268‑70................... Consequences of reduction or revocation—underlying liability 153
Subdivision 268‑E—Late payment of estimates 153
268‑75................... Liability to pay the general interest charge...................... 153
268‑80................... Effect of paying the general interest charge..................... 154
Subdivision 268‑F—Miscellaneous 155
268‑85................... Effect of judgment on liability on which it is based........ 155
268‑90................... Requirements for statutory declaration or affidavit......... 156
268‑95................... Liquidators, receivers and trustees in bankruptcy........... 159
268‑100................. Division not to limit or exclude Corporations or Bankruptcy Act 161
Division 269—Penalties for directors of non‑complying companies 162
Guide to Division 269 163
269‑1..................... What this Division is about............................................. 162
Subdivision 269‑A—Object and scope 163
269‑5..................... Object of Division.......................................................... 163
269‑10................... Scope of Division........................................................... 163
Subdivision 269‑B—Obligations and penalties 166
269‑15................... Directors’ obligations..................................................... 166
269‑20................... Penalty............................................................................ 167
269‑25................... Notice............................................................................. 168
269‑30................... Effect on penalty of directors’ obligation ending before end of notice period 169
269‑35................... Defences......................................................................... 174
Subdivision 269‑C—Discharging liabilities 176
269‑40................... Effect of director paying penalty or company discharging liability 177
269‑45................... Directors’ rights of indemnity and contribution.............. 177
Subdivision 269‑D—Miscellaneous 178
269‑50................... How notice may be given............................................... 178
269‑52................... Copies of notices............................................................ 178
269‑55................... Division not to limit or exclude Corporations Act.......... 179
Part 4‑25—Charges and penalties 180
Division 280—Shortfall interest charge 180
Guide to Division 280 181
280‑1..................... Guide to Division 280.................................................... 180
Subdivision 280‑A—Object of Division 180
280‑50................... Object of Division.......................................................... 180
Subdivision 280‑B—Shortfall interest charge 181
280‑100................. Liability to shortfall interest charge—income tax............ 181
280‑101................. Liability to shortfall interest charge—excess exploration credit tax 182
280‑102................. Liability to shortfall interest charge—petroleum resource rent tax 183
280‑102A.............. Liability to shortfall interest charge—excess non‑concessional contributions tax 184
280‑102B.............. Liability to shortfall interest charge—Division 293 tax... 185
280‑102C.............. Liability to shortfall interest charge—diverted profits tax 186
280‑103................. Liability to shortfall interest charge—general.................. 188
280‑105................. Amount of shortfall interest charge................................. 188
280‑110................. Notification by Commissioner........................................ 188
Subdivision 280‑C—Remitting shortfall interest charge 189
280‑160................. Remitting shortfall interest charge................................... 189
280‑165................. Commissioner must give reasons for not remitting in certain cases 189
280‑170................. Objecting against remission decision.............................. 190
Division 284—Administrative penalties for statements, unarguable positions and schemes 191
Guide to Division 284 192
284‑5..................... What this Division is about............................................. 191
Subdivision 284‑A—General provisions 191
284‑10................... Object of Division.......................................................... 192
284‑15................... When a matter is reasonably arguable........................... 192
284‑20................... Which statements this Division applies to....................... 193
284‑25................... Statements by agents....................................................... 193
284‑30................... Application of Division to trusts..................................... 193
284‑35................... Application of Division to partnerships.......................... 193
Subdivision 284‑B—Penalties relating to statements 194
Guide to Subdivision 284‑B 194
284‑70................... What this Subdivision is about....................................... 194
Operative provisions 195
284‑75................... Liability to penalty.......................................................... 195
284‑80................... Shortfall amounts........................................................... 198
284‑85................... Amount of penalty.......................................................... 200
284‑90................... Base penalty amount....................................................... 201
284‑95................... Joint and several liability of directors of corporate trustee that makes a false or misleading statement 205
Subdivision 284‑C—Penalties relating to schemes 206
Guide to Subdivision 284‑C 206
284‑140................. What this Subdivision is about....................................... 206
Operative provisions 206
284‑145................. Liability to penalty.......................................................... 206
284‑150................. Scheme benefits and scheme shortfall amounts.............. 208
284‑155................. Amount of penalty.......................................................... 210
284‑160................. Base penalty amount: schemes....................................... 211
284‑165................. Exception—threshold for penalty arising from cross‑border transfer pricing 212
Subdivision 284‑D—Provisions common to Subdivisions 284‑B and 284‑C 213
284‑220................. Increase in base penalty amount...................................... 214
284‑224................. Reduction of base penalty amount if law was applied in an accepted way 215
284‑225................. Reduction of base penalty amount if you voluntarily tell the Commissioner 215
Subdivision 284‑E—Special rules about unarguable positions for cross‑border transfer pricing 217
284‑250................. Undocumented transfer pricing treatment not reasonably arguable 217
284‑255................. Documentation requirements.......................................... 217
Division 286—Penalties for failing to lodge documents on time 219
Subdivision 286‑A—Guide to Division 286 219
286‑1..................... What this Division is about............................................. 219
Subdivision 286‑B—Object of Division 219
286‑25................... Object of Division.......................................................... 219
Subdivision 286‑C—Penalties for failing to lodge documents on time 220
286‑75................... Liability to penalty.......................................................... 220
286‑80................... Amount of penalty.......................................................... 222
Division 288—Miscellaneous administrative penalties 226
288‑10................... Penalty for non‑electronic notification............................ 226
288‑20................... Penalty for non‑electronic payment................................. 227
288‑25................... Penalty for failure to keep or retain records.................... 227
288‑30................... Penalty for failure to retain or produce declarations........ 228
288‑35................... Penalty for preventing access etc.................................... 228
288‑40................... Penalty for failing to register or cancel registration......... 229
288‑45................... Penalty for failing to issue tax invoice etc....................... 229
288‑46................... Penalty for failing to ensure tax information about supplies of low value goods is included in customs documents....................................................................... 229
288‑50................... Penalty for both principal and agent issuing certain documents 230
288‑70................... Administrative penalties for life insurance companies.... 230
288‑75................... Administrative penalty for a copyright or resale royalty collecting society 232
288‑80................... Administrative penalty for over declaring conduit foreign income 232
288‑85................... Failure by Reporting Financial Institution to obtain self‑certification 233
288‑95................... Failing to comply etc. with release authority................... 234
288‑100................. Excess money paid under release authority..................... 235
288‑105................. Superannuation provider to calculate crystallised pre‑July 83 amount of superannuation interest by 30 June 2008................................................................................ 235
288‑110................. Contravention of superannuation data and payment regulation or standard 236
288‑115................. AMIT under or over resulting from intentional disregard of or recklessness as to taxation law 237
288‑120................. Prohibited offsets of liabilities using interest etc. accrued on farm management deposits 239
288‑125................. Producing or supplying electronic sales suppression tools 240
288‑130................. Possessing electronic sales suppression tools................. 240
288‑135................. Incorrectly keeping records using electronic sales suppression tools 241
Division 290—Promotion and implementation of schemes 242
Subdivision 290‑A—Preliminary 242
290‑5..................... Objects of this Division.................................................. 242
290‑10................... Extra‑territorial application.............................................. 242
Subdivision 290‑B—Civil penalties 242
290‑50................... Civil penalties................................................................. 243
290‑55................... Exceptions...................................................................... 245
290‑60................... Meaning of promoter..................................................... 247
290‑65................... Meaning of tax exploitation scheme................................ 247
Subdivision 290‑C—Injunctions 248
290‑120................. Conduct to which this Subdivision applies..................... 249
290‑125................. Injunctions...................................................................... 249
290‑130................. Interim injunctions.......................................................... 249
290‑135................. Delay in making ruling................................................... 249
290‑140................. Discharge etc. of injunctions........................................... 250
290‑145................. Certain limits on granting injunctions not to apply.......... 250
290‑150................. Other powers of the Federal Court unaffected................ 251
Subdivision 290‑D—Voluntary undertakings 251
290‑200................. Voluntary undertakings.................................................. 251
Division 295—Miscellaneous civil penalties 252
Subdivision 295‑B—Civil penalty for possession of tobacco without relevant documentation 252
Guide to Subdivision 295‑B 252
295‑70................... What this Subdivision is about....................................... 252
295‑75................... Possession of tobacco without relevant documentation etc. 253
295‑80................... Things treated as tobacco................................................ 255
Division 298—Machinery provisions for penalties 256
Subdivision 298‑A—Administrative penalties 256
298‑5..................... Scope of Subdivision...................................................... 256
298‑10................... Notification of liability.................................................... 256
298‑15................... Due date for penalty........................................................ 257
298‑20................... Remission of penalty...................................................... 257
298‑25................... General interest charge on unpaid penalty....................... 257
298‑30................... Assessment of penalties under Division 284 or section 288‑115 258
Subdivision 298‑B—Civil penalties 258
298‑80................... Application of Subdivision............................................. 258
298‑85................... Civil evidence and procedure rules for civil penalty orders 259
298‑90................... Civil proceedings after criminal proceedings.................. 259
298‑95................... Criminal proceedings during civil proceedings............... 259
298‑100................. Criminal proceedings after civil proceedings.................. 259
298‑105................. Evidence given in proceedings for penalty not admissible in criminal proceedings 260
298‑110................. Civil double jeopardy...................................................... 260
Part 4‑30—Offences and prosecutions 261
Division 308—Offences relating to tobacco 261
Guide to Division 308 262
308‑1..................... What this Division is about............................................. 261
Subdivision 308‑A—Reasonable suspicion offences relating to tobacco 261
Guide to Subdivision 308‑A 261
308‑5..................... What this Subdivision is about....................................... 261
308‑10................... Possession of tobacco (500 kilograms or above)—reasonable suspicion offence 262
308‑15................... Possession of tobacco (100 kilograms or above)—reasonable suspicion offence 265
308‑20................... Possession of tobacco (5 kg or above)—reasonable suspicion offence 268
308‑25................... Sale of tobacco (500 kilograms or above)—reasonable suspicion offence 270
308‑30................... Sale of tobacco (100 kilograms or above)—reasonable suspicion offence 273
308‑35................... Sale of tobacco (5 kg or above)—reasonable suspicion offence 275
308‑40................... Buying of tobacco (500 kilograms or above)—reasonable suspicion offence 278
308‑45................... Buying of tobacco (100 kilograms or above)—reasonable suspicion offence 281
308‑50................... Buying of tobacco (5 kg or above)—reasonable suspicion offence 283
308‑55................... Matters taken to satisfy “reasonable to suspect” requirement 286
Subdivision 308‑B—Fault‑based offences of possession, production and manufacture 288
Guide to Subdivision 308‑B 288
308‑105................. What this Subdivision is about....................................... 288
308‑110................. Possession of tobacco (500 kg or above)—fault‑based offence 289
308‑115................. Possession of tobacco (100 kg or above)—fault‑based offence 291
308‑120................. Possession of tobacco (5 kg or above)—fault‑based offence.. 294
308‑125................. Manufacture or production of tobacco (500 kg or above)—fault‑based offence 296
308‑130................. Manufacture or production of tobacco (100 kg or above)—fault‑based offence 298
308‑135................. Manufacture or production of tobacco (5 kg or above)—fault‑based offence 300
Subdivision 308‑C—Offences relating to equipment relating to the manufacture or production of tobacco 303
Guide to Subdivision 308‑C 303
308‑200................. What this Subdivision is about....................................... 303
308‑205................. Possession of equipment for use in illegal manufacture or production of tobacco 303
308‑210................. Possession of equipment designed or adapted to manufacture or produce tobacco 304
Subdivision 308‑E—Other provisions 305
Guide to Subdivision 308‑E 305
308‑500................. What this Subdivision is about....................................... 305
308‑505................. Things treated as tobacco................................................ 306
308‑510................. Matters treated as possession.......................................... 306
308‑515................. Where excise duty or customs duty is treated as not payable for the purpose of the reasonable suspicion offences.......................................................................... 306
308‑520................. Section 8ZD does not apply to this Division.................. 307
Part 4‑50—Release from particular liabilities 308
Division 340—Commissioner’s power in cases of hardship 308
Guide to Division 340 309
340‑1..................... What this Division is about............................................. 308
Operative provisions 308
340‑5..................... Release from particular liabilities in cases of serious hardship 308
340‑10................... Liabilities to which this section applies........................... 310
340‑15................... Commissioner may take action to give effect to a release decision 311
340‑20................... Extinguishing your liability to pay a fringe benefits tax instalment if you are released 312
340‑25................... Extinguishing your liability to pay a PAYG instalment if you are released 312
Division 342—Commissioner’s power relating to proceeds of crime proceedings 314
Guide to Division 342 315
342‑1..................... What this Division is about............................................. 314
Subdivision 342‑A—Power to waive right to payment of tax‑related liabilities 314
342‑5..................... Object of this Subdivision.............................................. 314
342‑10................... Power to waive right to payment of tax‑related liability.. 315
Part 4‑90—Evidence 317
Division 350—Evidence 317
Guide to Division 350 318
350‑1..................... What this Division is about............................................. 317
Subdivision 350‑A—Evidence 317
350‑5..................... Application of Subdivision............................................. 317
350‑10................... Evidence......................................................................... 318
350‑12................... Prima facie evidence—particulars stated in evidentiary certificate 320
350‑15................... Judicial notice of signature.............................................. 321
350‑20................... Certain statements or averments in proceedings to recover tax‑related liabilities 321
350‑25................... Evidence by affidavit in proceedings to recover tax‑related liabilities 322
Chapter 5—Administration 323
Part 5‑1—The Australian Taxation Office 323
Division 352—Commissioner’s reporting obligations 323
Guide to Division 352 324
352‑1..................... What this Division is about............................................. 323
Subdivision 352‑A—Accountability of the Commissioner in respect of indirect tax laws 323
352‑5..................... Commissioner must prepare annual report on indirect tax laws 323
Subdivision 352‑C—Reporting on working holiday makers 324
352‑25................... Commissioner must prepare annual report on working holiday makers 324
Division 353—Powers to obtain information and evidence 325
Guide to Division 353 326
353‑1..................... What this Division is about............................................. 325
Subdivision 353‑A—Powers to obtain information and evidence 325
353‑10................... Commissioner’s power................................................... 325
353‑15................... Access to premises, documents etc................................. 326
353‑20................... Checking status of specifically listed deductible gift recipients 327
Subdivision 353‑B—Powers to obtain information and evidence from overseas 329
353‑25................... Offshore information notices.......................................... 329
353‑30................... Offshore information notices—consequence of not complying 331
Division 354—Power to obtain information about rights or interests in property 333
354‑5..................... Power to obtain information about rights or interests in property 333
Division 355—Confidentiality of taxpayer information 335
Guide to Division 355 336
355‑1..................... What this Division is about............................................. 335
Subdivision 355‑A—Objects and application of Division 335
355‑10................... Objects of Division......................................................... 336
355‑15................... Application of Division.................................................. 336
Subdivision 355‑B—Disclosure of protected information by taxation officers 336
Guide to Subdivision 355‑B 336
355‑20................... What this Subdivision is about....................................... 336
Operative provisions 337
355‑25................... Offence—disclosure of protected information by taxation officers 337
355‑30................... Meaning of protected information and taxation officer... 339
355‑35................... Consent is not a defence................................................. 339
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 340
355‑50................... Exception—disclosure in performing duties................... 341
355‑55................... Exception—disclosure to Ministers................................ 343
355‑60................... Limits on disclosure to Ministers.................................... 345
355‑65................... Exception—disclosure for other government purposes.. 346
355‑67................... Exception—disclosure to registrars................................ 363
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 375
355‑175................. Exception—on‑disclosure for original purpose.............. 375
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 377
355‑185................. Exception—on‑disclosure in relation to IGIS................. 378
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.............................. 381
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 382
Guide to Subdivision 355‑D 382
355‑260................. What this Subdivision is about....................................... 382
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 383
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 384
Guide to Subdivision 355‑E 384
355‑320................. What this Subdivision is about....................................... 384
Operative provisions 385
355‑325................. Oath or affirmation to protect information...................... 385
355‑330................. Injunctions to prevent contravention of non‑disclosure provisions 385
355‑335................. Procedures for disclosing protected information............. 387
Division 356—General administration of tax laws 389
Guide to Division 356 390
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 357 391
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 358 404
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 359 407
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 360 416
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 Industry Innovation and Science Australia that activities are not ineligible activities 419
Guide to Division 362 420
362‑1..................... What this Division is about............................................. 419
Public rulings by Industry Innovation and Science Australia 420
362‑5..................... Industry 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 Industry Innovation and Science Australia 421
362‑25................... Industry Innovation and Science Australia may make private rulings on a specified activity 421
362‑30................... Applying for a private ruling.......................................... 422
362‑35................... Industry 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 Industry 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 370 428
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 382 432
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 384 438
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 389 448
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 451
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 390—Superannuation reporting 456
Guide to Division 390 457
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‑B—Statements relating to release authorities 465
390‑65................... Statements relating to release authorities......................... 465
Subdivision 390‑C—Other statements 467
390‑115................. Change or omission in information given to the Commissioner 467
Division 392—Employee share scheme reporting 468
Guide to Division 392 469
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 393 474
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 394—Reporting about forestry managed investment schemes 476
Guide to Division 394 477
394‑1..................... What this Division is about............................................. 476
394‑5..................... Statements about initial contributions to scheme............. 476
394‑10................... Statements about failure to establish trees within 18 months 477
Division 396—Third party reporting 479
Guide to Division 396 480
396‑1A.................. What this Division is about............................................. 479
Subdivision 396‑A—FATCA 479
Guide to Subdivision 396‑A 479
396‑1..................... What this Subdivision is about....................................... 479
Operative provisions 480
396‑5..................... Statements about U.S. Reportable Accounts................... 480
396‑10................... Statements about payments to Nonparticipating Financial Institutions 481
396‑15................... Meaning of the FATCA Agreement................................. 482
396‑20................... Permissions and elections............................................... 482
396‑25................... Record keeping............................................................... 483
Subdivision 396‑B—Information about transactions that could have tax consequences for taxpayers 484
Guide to Subdivision 396‑B 484
396‑50................... What this Subdivision is about....................................... 484
Operative provisions 484
396‑55................... Reporting tax‑related information about transactions to the Commissioner 484
396‑60................... Information required....................................................... 488
396‑65................... Exemptions—wholesale clients...................................... 489
396‑70................... Exemptions—other cases................................................ 490
396‑75................... Errors in reports.............................................................. 490
Subdivision 396‑C—Common Reporting Standard 491
Guide to Subdivision 396‑C 491
396‑100................. What this Subdivision is about....................................... 491
Operative provisions 492
396‑105................. Statements about Reportable Accounts........................... 492
396‑110................. Meaning of CRS............................................................. 493
396‑115................. Matters Common Reporting Standard leaves to domestic law 494
396‑120................. Application of Common Reporting Standard.................. 495
396‑125................. Record keeping............................................................... 496
396‑130................. Anti‑avoidance provisions.............................................. 497
396‑135................. Application of penalty to false or misleading self‑certification 499
396‑136................. Report on Reportable Accounts maintained by Australian Reporting Financial Institutions 499
Division 398—Miscellaneous reporting obligations 501
Guide to Division 398 502
398‑1..................... What this Division is about............................................. 501
Subdivision 398‑A—Farm Management Deposit reporting 501
398‑5..................... Reporting to Agriculture Department.............................. 501
Part 5‑30—Payment, ABN and identification verification system 503
Division 400—Guide to Part 5‑30 503
400‑1..................... What Part 5‑30 is about.................................................. 503
400‑5..................... The payment, ABN and identification verification system 503
Division 405—Transaction reporting by purchasers 504
405‑5..................... Payments to which this Division applies........................ 504
405‑10................... Reporting requirements................................................... 504
405‑15................... Invoices produced by purchasers.................................... 505
Division 410—Transaction reporting by suppliers 506
410‑5..................... Payments to which this Division applies........................ 506
410‑10................... Reporting requirements................................................... 506
410‑15................... Invoices produced by purchasers.................................... 507
Division 415—Verification of suppliers’ ABNs by purchasers 508
415‑5..................... Payments to which this Division applies........................ 508
415‑10................... ABN verification requirements....................................... 508
415‑15................... Method of obtaining ABN verification........................... 509
415‑20................... Verification applies to later payments............................. 509
Division 417—Verification of suppliers’ identities by purchasers 510
417‑5..................... Payments to which this Division applies........................ 510
417‑10................... Identity verification requirements.................................... 510
417‑15................... Method of obtaining identity verification........................ 511
417‑20................... Verification applies to later payments............................. 511