Treasury Laws Amendment (Housing Tax Integrity) Act 2017 (126 of 2017)

Schedule 3   Vacancy fees for foreign acquisitions of residential land

Part 1   Amendments

Foreign Acquisitions and Takeovers Act 1975

9   Subsection 138(2)

Repeal the subsection, substitute:

(2) However, the following provisions of Schedule 1 to the Taxation Administration Act 1953 do not apply in relation to this Act:

(a) section 255-10 (to defer the payment time);

(b) Subdivision 255-D in that Schedule (security deposits);

(c) Part 4-25 (charges and penalties), other than section 288-35 and Division 298 to the extent that it relates to that section;

(d) Part 4-50 (release from particular liabilities);

(e) paragraph 355-15(c) (application of Division 355);

(f) Part 5-5 (rulings);

(g) Division 444 (obligations of entities on behalf of other entities).