S 213 repealed by
No 79 of 2010
, s 3 and Sch 1 item 2, effective 1 July 2010.
No 79 of 2010
, s 3 and Sch 1 item 57 contains the following:
57 Security deposits
If, just before 1 July 2010, a security requirement is in force under section 213 of the
Income Tax Assessment Act 1936
, the requirement has effect, from 1 July 2010, as if it had been made under section
Taxation Administration Act 1953
, as added by this Schedule.
S 213 formerly read:
SECTION 213 TEMPORARY BUSINESS
Where the Commissioner has reason to believe that any person establishing or carrying on business in Australia intends to carry on that business for a limited period only, or where the Commissioner for any other reason thinks it proper so to do, he may at any time and from time to time require that person to give security by bond or deposit or otherwise to the satisfaction of the Commissioner for the due return of, and payment of income tax on, the income derived by that person.
A person who refuses or fails to give security when required to do so under this section is guilty of an offence.
Penalty for contravention of this subsection: 20 penalty units.
S 213(2) amended by
No 143 of 2007
, s 3 and Sch 7 item 104, by substituting
20 penalty units
in the penalty, effective 24 September 2007.
S 213(2) amended by No 123 of 1984, No 108 of 1981 and No 143 of 1965.