Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
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.
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).
This section does not affect the validity of a transaction entered into in contravention of a notice given under subsection (1).
Note: See section 3AA .
Chapter 5 - Administration
PART 5-35
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REGISTRATION AND SIMILAR PROCESSES FOR VARIOUS TAXES
Division 426
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Process of endorsing charities and other entities
Subdivision 426-D
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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).
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