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 393-5   REPORTS ABOUT QUOTING TAX FILE NUMBERS AND ABNs  

393-5(1)  
If an entity is an *investment body in relation to a *Part VA investment for which either of the following occurs during a *quarter:


(a) an *investor ' s *tax file number is *quoted in connection with the investment;


(b) an investor ' s *ABN is quoted in connection with the investment;

the entity must give to the Commissioner a report on all Part VA investments, in relation to which the entity is an investment body, for which either of those events occurs during the quarter.

393-5(2)  
The report must be in the *approved form.

393-5(3)  
The report must be given to the Commissioner no later than 28 days after the end of the *quarter.

Note:

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

393-5(4)  
Subsection (1) does not apply to an *investment body in relation to a *quarter for which the investment body has complied with an *arrangement in force between the investment body and the Commissioner relating to the reporting of *tax file numbers and *ABNs.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.