Income Tax Assessment Act 1936
Where a recipient gives a payer a TFN declaration, the payer shall:
(a) countersign the original of the declaration;
(b) within 14 days after the declaration is made, send the original to the office of a Deputy Commissioner; and
(c) retain the copy of the declaration in accordance with subsection (6).
Penalty: 10 penalty units.
(Repealed by No 179 of 1999)
202CD(3)
(Repealed by No 179 of 1999)
202CD(4) [Where tax file number not quoted]
(a) a TFN declaration, when given to a payer, does not quote the recipient's tax file number; and
(b) before the payer sends the declaration to the Deputy Commissioner, the recipient informs the payer of the recipient's tax file number;
the payer shall write the number on the declaration and on the copy.
Penalty: 10 penalty units.
Where a tax file number has been written on a declaration under subsection (4), the declaration shall be regarded as stating that number as the tax file number of the recipient who made the declaration.
A payer who fails to comply with subsection (1) or (4) is liable to pay to the Commissioner a penalty of 10 penalty units.
Note 1:
See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
Note 2:
Division 298 in Schedule 1 to the Taxation Administration Act 1953 contains machinery provisions relating to civil penalties.
The payer shall retain the copy of a TFN declaration until the second 1 July after the day on which the declaration ceases to have effect.
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