TAXATION ADMINISTRATION ACT 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 5 - Administration  

PART 5-25 - RECORD-KEEPING AND OTHER OBLIGATIONS RELATING TO TAXPAYERS  

Division 393 - Reports by investment bodies  

SECTION 393-10   ANNUAL INVESTMENT INCOME REPORTS  

393-10(1)  
An entity must give to the Commissioner a report, for a *financial year, on all *Part VA investments in relation to which it was an *investment body at any time during the year.

393-10(2)  
The report must be in the *approved form.

393-10(3)  
The report must be given to the Commissioner within the following period after the end of the *financial year:


(a) the period the Commissioner specifies by legislative instrument; or


(b) otherwise - 4 months.

Note:

Section 388-55 allows the Commissioner to defer the time for giving an approved form.

393-10(4)  
The report need not include particulars of an investment for which the return during the *financial year was less than $1.

393-10(5)  
Despite subsection (1), the entity need not give to the Commissioner a report, for a *financial year during which the total number of *Part VA investments in relation to which it was an *investment body is less than:


(a) the number the Commissioner specifies by legislative instrument; or


(b) otherwise - 10.

393-10(5A)  


Paragraph (5)(b) does not apply to an *investment body that is a *managed investment trust.

393-10(6)  
Subsection (1) does not apply to an *investment body in relation to a *financial year for which the investment body has complied with an *arrangement in force between the investment body and the Commissioner relating to the reporting on *Part VA investments.




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