Taxation Administration Act 1953
View history note
Hide history noteNote: See section 3AA .
Chapter 5 - AdministrationThere are 4 components in the payment, ABN and identification verification system:
(a) transaction reporting by purchasers (Division 405 );
(b) transaction reporting by suppliers (Division 410 );
(c) verification of suppliers ' *ABNs by purchasers (Division 415 );
(d) verification of suppliers ' identities by purchasers (Division 417 ).
One or more of the components may apply to a particular payment. The regulations will specify which components apply.
400-5(2)
Where a component of the system applies to a payment, the requirements of that component must be complied with.
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