Payment Times Reporting Act 2020
PART 1A - PROVISIONS ABOUT REPORTING ENTITIES AND REPORTING NOMINEES
Division 5 - Reporting nominees
SECTION 10M APPLICATION FOR REGULATOR TO MAKE A REPORTING NOMINEE DETERMINATION
10M(1)
A constitutionally covered entity (the
applicant
) may apply, in writing, for the Regulator to determine under subsection
10L(1)
that the applicant is a reporting nominee for one or more other entities.
Note:
See section 27A (requirements for applications made to the Regulator).
10M(2)
An application under subsection
(1)
:
(a) must identify the other entity or entities; and
(b) may specify the time when the applicant proposes the determination to take effect, which must be either:
(i) the start of the provisional reporting period of the applicant in which the applicant gives the application to the Regulator; or
(ii) the start of the provisional reporting period of the applicant that follows the provisional reporting period mentioned in subparagraph (i) .
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