Taxation Administration Act 1953
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Hide history noteNote: See section 3AA .
Chapter 5 - AdministrationSECTION 396-20 PERMISSIONS AND ELECTIONS 396-20(1)
This section applies, for the purposes of this Subdivision:
(a) in determining whether the conditions in subsections 396-5(1) and 396-10(1) are satisfied; and
(b) in determining which information the Australian Government is required to obtain in order for it to fulfil its obligations under the *FATCA Agreement.
396-20(2)
To the extent that the *FATCA Agreement gives Australia the ability to permit an entity to use or rely on matters provided for in U.S. Treasury Regulations in determining obligations under the FATCA Agreement, assume that the permission has been given.
396-20(3)
To the extent that the *FATCA Agreement gives Australia the ability to provide for an entity to make an election in determining obligations under the FATCA Agreement, assume that the entity may make the election.
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