Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 419 - Critical minerals (tax offset for Australian production expenditure)  

Subdivision 419-F - Other matters  

SECTION 419-140   Information sharing  

419-140(1)    
Each of the following regulators:

(a)    the * Industry Secretary;

(b)    the Commissioner;

may request the other regulator to provide them with information held by the other regulator that is reasonably necessary or convenient for the requesting regulator ' s administration of this Division.

419-140(2)    
The other regulator must comply with the request.

Note 1:

The request could be an ad hoc or standing request, and the information requested could be general or specific.

Note 2:

A disclosure enabling the Commissioner to comply with such a request is within an exception to the confidentiality provisions in Schedule 1 to the Taxation Administration Act 1953 (see section 355-50 in that Schedule).