Indirect Tax Legislation Amendment Act 2000 (92 of 2000)
Schedule 4 Agents
Taxation Administration Act 1953
10 After subsection 70(1)
Insert:
(1AA) Subsection (1) requires a record of an arrangement entered into under section 153-50 of the GST Act to be kept and retained by the party entering into the arrangement as principal. It does not require such a record to be kept or retained by the party entering into the arrangement as agent.
(1AB) Subsection (1) requires records of a notice given under subsection 153-65(2) of the GST Act to be kept and retained by both the entity giving the notice and the entity receiving it.
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