Shipping Reform (Tax Incentives) Act 2012

An application for a certificate under section 8 must be:

in the approved form; and

accompanied by the fee (if any) specified in regulations made for the purposes of this paragraph; and

made after the end of the income year, but at least 30 days before the entity is required to lodge its income tax return for the income year.

Section 26 deals with approved forms.

As well as requiring information relevant to the income year, the approved form may require:

information about any tax incentives the entity utilised for the previous income year in reliance on a certificate issued under section 8 for the previous income year; and

information about the following for the next income year:

the vessel and its expected use;

the applicant’s arrangements in relation to the vessel.

A certificate may give notice of the likelihood of a further certificate being issued for the next income year (see paragraph 8(2)(c)).