Register of Foreign Ownership of Water or Agricultural Land Act 2015 (Repealed)

Part 4 - Miscellaneous

SECTION 33

33 Offshore information notices for persons who may have obligations under Part 3 or Part 3B
For the purposes of this Act, Subdivision 353-B in Schedule 1 to the Taxation Administration Act 1953 applies as if a reference in that Subdivision to an assessment of tax-related liability of a person were a reference to the determination of either or both of the following:

(a) whether a person has or had an obligation under Part 3 or 3B of this Act;

(b) whether a person has complied with an obligation the person has or had under Part 3 or 3B of this Act.

Note 1:

Subdivision 353-B in Schedule 1 to the Taxation Administration Act 1953 :

(a) lets the Commissioner give a person an offshore information notice requesting the person to give the Commissioner information, or a document, that is outside Australia and that the Commissioner believes is relevant to an assessment of the person; and

(b) sets out the consequences if the person does not comply with the request.

Note 2:

Subdivision 353-A in Schedule 1 to the Taxation Administration Act 1953 also gives the Commissioner power to require a person to give the Commissioner information or documents for the administration of this Act.

View history note

History

S 33 substituted by No 8 of 2019, s 3 and Sch 8 item 15, effective 1 April 2019. S 33 formerly read:

SECTION 33 Offshore information notices for persons who may have obligations under Part 3 or 3B
33
For the purposes of this Act, section 264A of the Income Tax Assessment Act 1936 applies as if:

(a) a reference in that section to an assessment of a taxpayer were a reference to the determination of either or both of the following:

(i) whether a person has or had an obligation under Part 3 or 3B of this Act;

(ii) whether a person has complied with an obligation the person has or had under Part 3 or 3B of this Act; and

(b) a reference in that section to a taxpayer were a reference to a person to whom the determination described in paragraph (a) relates or is to relate; and

(c) a reference in that section to that Act included a reference to this Act.
Note 1:

Section 264A of the Income Tax Assessment Act 1936 :

(a) lets the Commissioner give a taxpayer an offshore information notice requesting the taxpayer to give the Commissioner information, or a document, that is outside Australia and that the Commissioner believes is relevant to an assessment of the taxpayer; and

(b) sets out the consequences if the taxpayer does not comply with the request.

Note 2:

Division 353 in Schedule 1 to the Taxation Administration Act 1953 also gives the Commissioner power to require a person to give the Commissioner information or documents for the administration of this Act.

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