Trade Support Loans Act 2014

CHAPTER 3 - Loan repayments  

PART 3.2 - DISCHARGING DEBTS  

Division 4 - Compulsory discharge  

Subdivision AA - Liability of overseas debtors to repay amounts  

SECTION 47C   NOTICES TO BE GIVEN TO THE COMMISSIONER  

Notice relating to leaving Australia

47C(1)  
A person who:


(a) has an accumulated TSL debt or otherwise has a TSL debt that has not yet been discharged; and


(b) leaves Australia (other than in circumstances specified in the rules) with the intention of remaining outside Australia for at least 183 days;

must, no later than 7 days after leaving Australia, give a notice to the Commissioner in the approved form.

Notice relating to absence from Australia

47C(2)  
A person who:


(a) has an accumulated TSL debt or otherwise has a TSL debt that has not yet been discharged; and


(b) has been outside Australia for at least 183 days (other than in circumstances specified in the rules) in any 12 month period; and


(c) was not required under subsection (1) to give a notice to the Commissioner in connection with that absence from Australia;

must, no later than 7 days after the end of those 183 days, give a notice to the Commissioner in the approved form.

Notice relating to income (including foreign-sourced income)

47C(3)  
A person who:


(a) is a foreign resident; and


(b) on 1 June immediately preceding an income year, had an accumulated TSL debt;

must (other than in circumstances specified in the rules) give to the Commissioner, in the approved form, a notice relating to the person ' s income (including foreign-sourced income) for the income year. The notice must be given within the period specified in the form.

Note:

The Commissioner may defer the time for giving the return: see ection 388-55 in Schedule 1 to the Taxation Administration Act 1953 .

Content of notices under this section

47C(4)  
The rules may provide for the content of notices under this section.


 

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