TAXATION ADMINISTRATION ACT 1953
Note: See section 3AA .Chapter 2 - Collection, recovery and administration of income tax
An individual who:
(a) expects to receive a *withholding payment covered by Subdivision 12-B , 12-C or 12-D , or an *alienated personal services payment to which Division 13 applies, from an entity; and
(b) wishes to have a matter relating to the individual ' s income tax or other liability referred to in paragraph 11-1(b), (ca), (cb), (cc), (cd), (da) or (db) taken into account by the entity in working out the *amount required to be withheld from the payment;
may give the entity a declaration about the matter in the *approved form.
[ CCH Note: S 15-50(1) will be amended by No 116 of 2018, s 3 and Sch 1 item 53, by inserting " (caa), " after " (ca), " in para (b), effective 1 July 2019.]
The individual cannot give a declaration under subsection (1) unless:
(a) a *TFN declaration is in effect between the individual and the entity, or a *voluntary agreement covers the payment; and
(b) if the individual has given another entity a declaration on any matter - that declaration is not in effect.
(a) an individual has given a *TFN declaration to an entity; and
(b) the individual made a statement about a matter in the TFN declaration; and
(c) the individual ' s circumstances change in relation to the matter;
the individual may give the entity a declaration about the matter in the *approved form.
The regulations may prescribe:
(a) (Repealed by No 110 of 2014)
(b) when a declaration under subsection (1) or (3) starts or ceases to be in effect; and
(c) when a declaration under subsection (1) or (3) is taken to have been given.
(a) an individual gives an entity a declaration under subsection (1) or (3) about a matter; and
(b) the individual ' s circumstances change in relation to the matter;
the regulations may also prescribe when the individual must give the entity a new declaration about the matter.