Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 419 - Critical minerals (tax offset for Australian production expenditure)  

Subdivision 419-C - Registering activities and facilities for the CMPTI tax offset  

SECTION 419-45   Annual report about a registered CMPTI processing activity  

Content of the annual report

419-45(1)    
A company that has a * registered CMPTI processing activity for an income year must prepare a written report that is in a form approved under subsection 419-150(1) .

419-45(2)    
Without limiting subsection 419-150(1) , an instrument under that subsection may require the report to contain information about:

(a)    the outputs for the activity for the income year; and

(b)    the expected outputs for the activity for the next income year; and

(c)    any significant events that arose during the income year, or that are expected for the next income year, that could affect the company ' s:

(i) entitlement to the * CMPTI tax offset; or

(ii) registration of the activity.

419-45(3)    
Despite subsection 419-150(1) , an instrument under that subsection must require the report to contain information about any matters prescribed by the regulations.

Giving the annual report

419-45(4)    
The company must give the report to the * Industry Secretary within the period determined under subsection (5) that starts at the end of the income year.

419-45(5)    
The * Industry Secretary may, by legislative instrument, determine a period of at least 30 days for giving reports under this section that starts at the end of each income year.

419-45(6)    
The * Industry Secretary must give the Commissioner a copy of each report given under this section.