Taxation Administration Act 1953

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

Note: See section 3AA .

Chapter 5 - Administration  

PART 5-35 - REGISTRATION AND SIMILAR PROCESSES FOR VARIOUS TAXES  

Division 426 - Process of endorsing charities and other entities  

Subdivision 426-D - Public and private ancillary funds  

Suspension and removal of trustees

SECTION 426-160   COMMISSIONER MAY GIVE DIRECTIONS TO ACTING TRUSTEE  

426-160(1)  


The Commissioner may give the acting trustee a written notice directing the acting trustee to do, or not to do, one or more specified acts or things in relation to the *ancillary fund.

426-160(2)  
The acting trustee commits an offence if:


(a) the acting trustee engages in conduct (within the meaning of subsection 2(1) of this Act); and


(b) that engagement in conduct contravenes a notice given to the acting trustee under subsection (1).

Penalty: 100 penalty units.

426-160(3)  
This section does not affect the validity of a transaction entered into in contravention of a notice given under subsection (1).




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