TAXATION ADMINISTRATION REGULATIONS 1976 [REPEALED]

PART 5 - PAY AS YOU GO WITHHOLDING  

Division 2 - General  

REGULATION 30   WHEN NEW DECLARATIONS TO BE GIVEN  

30(1)  
An individual to whom subregulation (2) or (5) applies must give a new declaration in the approved form to the entity mentioned in that subregulation.

30(2)  
This subregulation applies to an individual if:


(a) the individual gives to an entity a declaration under subsection 15-50(1) or (3) in Schedule 1 to the Act about a matter.


(b) the individual's circumstances change in relation to the matter.

30(3)  
(Repealed by SLI No 158 of 2009)

30(4)  
(Repealed by SLI No 39 of 2015)

30(5)  
This subregulation applies to an individual who:


(a) gives a TFN declaration to an entity expressing a wish to reduce the amount withheld to correspond with the first-mentioned amount (the tax-free threshold) set out in column 1 of the table in clause 1 of Part I of Schedule 7 to the Income Tax Rates Act 1986 ; and


(b) becomes a foreign resident.

30(6)  
If the individual fails to comply with subregulation (1), he or she is liable to pay a civil penalty of 5 penalty units.

Note 1:

See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

Note 2:

Division 298 of Schedule 1 to the Act contains machinery provisions relating to civil penalties.




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