Income Tax Assessment Regulations 1997 (Repealed)

PART 2 - LIABILITY RULES OF GENERAL APPLICATION  

Division 30 - Valuation of particular gifts of property  

REGULATION 30-212.09   APPLICATIONS TREATED AS HAVING NO EFFECT  

30-212.09(1)    
If an application for a valuation does not comply with regulation 30-212.02 :

(a) the Commissioner must treat the application as having no effect; and

(b) the Commissioner must give the applicant a written statement that the application is being treated that way.

30-212.09(2)    
If an application for a valuation does not include all of the application fee:

(a) the Commissioner must treat the application as having no effect; and

(b) the Commissioner must give the applicant a written statement that the application is being treated that way.

30-212.09(3)    
If the Commissioner has required the advance payment of a fee under regulation 30-212.07 , and the fee is not paid within the time mentioned in subregulation 30-212.07(4) :

(a) the Commissioner must treat the application to which the payment relates as having no effect after that time; and

(b) the Commissioner must give the applicant a written statement that the application is being treated that way.

Note:

Subregulation 30-212.10(2) is relevant to an application that is treated as having no effect under subregulation (3).