INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 3A - Collection of tax in respect of certain payments for work  

Subdivision B - Operative provisions  

SECTION 221YHSA   REVOCATION OF APPROVAL TO QUOTE REPORTING EXEMPTION NUMBER  

221YHSA(1)   Revocation.  

The Commissioner may, at any time, revoke an approval given under paragraph 221YHQ(1A)(b) .

221YHSA(2)   Notification of revocation.  

Where the Commissioner does so, the Commissioner must notify the person to whom the approval was given of the revocation.

221YHSA(3)   Offence.  

If:

(a) before a prescribed payment is made to a person by an eligible paying authority, the person quotes a reporting exemption number to the eligible paying authority; and

(b) an approval under paragraph 221YHQ(1A)(b) to quote the number is in force when it is quoted; and

(c) after the number is quoted but before the prescribed payment is made, the approval is revoked; and

(d) the person does not notify the eligible paying authority of the revocation before the prescribed payment is made;

the person is guilty of an offence punishable on conviction by a maximum fine of $2,000.