Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 31 - Conservation covenants  

SECTION 31-15.06   APPLICATIONS TREATED AS HAVING NO EFFECT  

31-15.06(1)    
If the application for the valuation does not comply with section 31-15.02 , the Commissioner must:

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

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

31-15.06(2)    
If the Commissioner has required an advance payment of the charge under section 31-15.04 , and the payment is not paid within the time mentioned in subsection 31-15.04(3) , the Commissioner must:

(a)    treat the application as having no effect after that time; and

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

Note:

For an application that is treated as having no effect under subsection (2), see subsection 31-15.03(2) .

 

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