TAXATION ADMINISTRATION REGULATIONS 1976 (REPEALED)

PART 8 - PAYMENT, ABN AND IDENTIFICATION VERIFICATION SYSTEM  

REGULATION 64   REPORTING REQUIREMENTS - BUILDING AND CONSTRUCTION INDUSTRY  

64(1)    
For section 405-5 of Schedule 1 to the Act, a supply by a supplier to a purchaser is specified if all of the following circumstances apply:


(a) the purchaser is carrying on a business that is primarily in the building and construction industry;


(b) the purchaser has an ABN;


(c) the supplier supplies to the purchaser:


(i) building and construction services; or

(ii) a combination of goods and building and construction services, unless the supply of services is incidental to the supply of the goods.

64(2)    
Subregulation (1) does not apply if both the supplier and the purchaser are members of:


(a) the same consolidated group; or


(b) the same MEC group.

64(3)    
Subregulation (1) does not apply if the payment made for the supply is a payment of the kind mentioned in paragraph (a) of the definition of withholding payment in subsection 995-1(1) of the Income Tax Assessment Act 1997 .

64(4)    
An expression used in this regulation and in the Income Tax Assessment Act 1997 has the same meaning in this regulation as in that Act.

Note:

For the definitions of the following expressions, see subsection 995-1(1) of the Income Tax Assessment Act 1997 :

  • • ABN
  • • consolidated group
  • • MEC group
  • • member, in relation to a consolidated group
  • • member, in relation to a MEC group
  • • supply.

  • 64(5)    
    A purchaser is taken to be carrying on a business that is primarily in the building and construction industry only if:


    (a) in the current financial year, 50% or more of the purchaser ' s business activity relates to building and construction services; or


    (b) in the current financial year, 50% or more of the purchaser ' s business income is derived from providing building and construction services; or


    (c) in the financial year immediately preceding the current financial year, 50% or more of the purchaser ' s business income was derived from providing building and construction services.

    64(6)    
    In this regulation:

    building and construction services
    includes any of the following activities, if the activities are performed on, or in relation to, any part of a building, structure, works, surface or sub-surface:


    (a) alteration;


    (b) assembly;


    (c) construction;


    (d) demolition;


    (e) design;


    (f) destruction;


    (g) dismantling;


    (h) erection;


    (i) excavation;


    (j) finishing;


    (k) improvement;


    (l) installation;


    (m) maintenance;


    (n) management of building and construction services;


    (o) modification;


    (p) organisation of building and construction services;


    (q) removal;


    (r) repair;


    (s) site preparation.



     

    Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

    CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

    The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.