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
The *resale royalty collecting society must give an entity notice of any payment it makes to the entity under section 26 of the Resale Royalty Right for Visual Artists Act 2009 , if section 51-45 of this Act applies to the society. 410-50(2)
The society must give the notice at the time of the payment. 410-50(3)
The notice must be in the *approved form.
Subdivision 410-A
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Notice of payments
SECTION 410-50
Resale royalty collecting society must give notice to holder of resale royalty right
410-50(1)
The *resale royalty collecting society must give an entity notice of any payment it makes to the entity under section 26 of the Resale Royalty Right for Visual Artists Act 2009 , if section 51-45 of this Act applies to the society. 410-50(2)
The society must give the notice at the time of the payment. 410-50(3)
The notice must be in the *approved form.
Note:
Under section 288-75 in Schedule 1 to the Taxation Administration Act 1953 the society is liable to an administrative penalty for failing to give a notice required under this section.
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