Statement by payment nominee regarding disposal of money
219TK Statement by payment nominee regarding disposal of money
The Secretary may give the payment nominee of a person a notice that requires the nominee to give the Department a statement about a matter relating to the disposal by the nominee of an amount paid to the nominee on behalf of the person.
Subject to subsection (3), a notice under subsection (1):
must be in writing; and
may be given personally or by post or by any other means approved by the Secretary; and
must specify how the nominee is to give the statement to the Department; and
must specify the period within which the nominee is to give the statement to the Department.
A notice under subsection (1) is not ineffective merely because it fails to comply with paragraph (2)(c).
The period specified under paragraph (2)(d) must not end earlier than 14 days after the day on which the notice is given.
A statement given in response to a notice under subsection (1) must be in writing and in accordance with a form approved by the Secretary.
A nominee must not refuse or fail to comply with a notice under subsection (1).
Penalty: 60 penalty units.
Subsection (6) applies only to the extent to which the person is capable of complying with the notice.
Subsection (6) does not apply if the person has a reasonable excuse.
An offence against subsection (6) is an offence of strict liability.
This section extends to:
acts, omissions, matters and things outside Australia, whether or not in a foreign country; and
all persons, irrespective of their nationality or citizenship.
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