Taxation Administration Act 1953
Note: See section 3AA .Chapter 5 - Administration
The Commissioner may, by legislative instrument, exempt a class of entities from section 389-5 for one or more income years. 389-10(2)
The exemption may be limited to the extent specified in the instrument. Exempting particular entities 389-10(3)
The Commissioner may, on application by an entity (an exemption application ) or on the Commissioner ' s own initiative, exempt the entity from section 389-5 for one or more income years. 389-10(4)
The exemption may be limited to the extent specified in the notice under paragraph (5)(a). 389-10(5)
The Commissioner must notify the entity in writing if:
(a) the Commissioner exempts the entity under subsection (3); or
(b) refuses an exemption application by the entity. 389-10(6)
The Commissioner is taken to have refused an exemption application if the Commissioner fails to notify the entity in writing of the Commissioner ' s decision on the application within 60 days after the application is made. 389-10(7)
The entity may object, in the manner set out in Part IVC , against:
(a) a decision of the Commissioner to refuse an exemption application; or
(b) a decision of the Commissioner to limit the extent of an exemption under subsection (4).
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