INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 3A - Collection of tax in respect of certain payments for work  

Subdivision B - Operative provisions  

SECTION 221YHS   REVOCATION OF CERTIFICATES  

221YHS(1)   [Notification of revocation]  

The Commissioner may, at any time, revoke a deduction exemption certificate or a deduction variation certificate, and where he does so, he shall, in writing, notify the person or persons to whom the certificate was issued of the revocation.

221YHS(2)   [Return of certificate on revocation]  

A person who is notified by the Commissioner under subsection (1) of the revocation of a certificate shall, within 14 days after he receives the notification, return the certificate to the Commissioner.

Penalty: $500.

221YHS(3)   [Failure to notify revocation]  

If:

(a) before a prescribed payment is made to a person by an eligible paying authority, the person states a deduction variation certificate number or a deduction exemption certificate number in a payee declaration form given to the eligible paying authority; and

(b) the certificate is in force when the form is given; and

(c) after the form is given but before the prescribed payment is made, the certificate is revoked; and

(d) the person does not notify the eligible paying authority of the revocation before the prescribed payment is made;

the person is guilty of an offence punishable on conviction by a maximum fine of $2,000.