Persons not entitled to purchase small‑scale technology certificates through clearing house
20M Persons not entitled to purchase small‑scale technology certificates through clearing house
For subsection 30M(2) of the Act, a person is not entitled to make an application to purchase a small‑scale technology certificate unless, before the person makes the application, the person is registered for GST and provides the Regulator with the following information and identity evidence:
the person’s ABN or ACN (if any);
the name and work contact details of a contact person for the certificate;
the bank account details of an Australian bank into which the Regulator is to make any refunds to the person under the Act;
whether there is any reason why the transfer of the certificate to the person under section 30N or subsection 30P(3) of the Act would not be a taxable supply; and
identity evidence for the applicant.
Subregulation (1) does not apply to information if:
the applicant has previously provided the information to the Regulator; and
the information remains current.
Subregulation (1) does not apply to identity evidence for the applicant if:
the applicant has previously provided the identity evidence to the Regulator; and
the documentation or the digital identity in respect of which the identity evidence was provided remains current.
This Act’s bill:Explanatory statement
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