Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 410
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Copyright and resale royalty collecting societies
A *copyright collecting society must give a *member of the society notice of any payment it makes to the member, if section 51-43 applies to the society. 410-5(2)
The society must give the notice at the time of the payment. 410-5(3)
The notice must be in the *approved form.
Subdivision 410-A
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Notice of payments
SECTION 410-5
Copyright collecting society must give notice to member of society
410-5(1)
A *copyright collecting society must give a *member of the society notice of any payment it makes to the member, if section 51-43 applies to the society. 410-5(2)
The society must give the notice at the time of the payment. 410-5(3)
The notice must be in the *approved form.
Note:
Under section 288-75 in Schedule 1 to the Taxation Administration Act 1953 a society is liable to an administrative penalty for failing to give a notice required under this section.
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