ATO National Tax Equivalent Regime

ATTACHMENT 2 - NTER-related activities

General activities of NTER administration

(i)

Apply the relevant taxation laws.

(ii)

Maintain the NTER entity register.

(iii)

Process NTER income tax returns.

(iv)

Process NTER instalment statements.

(v)

Advise entities of their instalment rates.

(vi)

Liaise with the state and territory Treasuries and Revenue Offices in relation to NTER-related receivables management.

(vii)

Maintain the NTER Manual.

(viii)

Keep proper accounts, records and timesheets in respect of NTER-related activities, expenditure, billing and fees and all NTER-related amounts payable by the states and territories to the Commissioner.

(ix)

Prepare the Commissioner's annual report on the operation of the NTER for each financial year, and the individual reports specific to each state and territory.

(x)

Undertake other activities outlined and classified as 'general activities' in an agreed NTER Work Plan.

Specific activities of NTER administration

(i)

Provide interpretive advice to the NTER entities (in relation to their arrangements in the NTER commencement and later years only).

(ii)

Carry out appropriate compliance assurance activities in respect of the NTER entities (in relation to NTER commencement and later years only) as outlined in an agreed NTER Work Plan.

(iii)

Undertake other activities outlined and classified as 'specific activities' in an agreed NTER Work Plan.

Version history

Prior versions of the ATO National Tax Equivalent Regime, from Version 6, can be requested from atolawsupport@ato.gov.au , if required.