TAXATION ADMINISTRATION REGULATIONS 1976 [REPEALED]
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.
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.
(Repealed by SLI No 158 of 2009)
(Repealed by SLI No 39 of 2015)
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.
See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
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