Taxation Administration Act 1953

The Commissioner may require you to give security for the due payment of an existing or future *tax‑related liability of yours if:

the Commissioner has reason to believe that:

you are establishing or *carrying on an *enterprise in Australia; and

you intend to carry on that enterprise for a limited time only; or

the Commissioner reasonably believes that the requirement is otherwise appropriate, having regard to all relevant circumstances.

A requirement to give security under this section is not a tax‑related liability. As such, the collection and recovery provisions in this Part do not apply to it.

The Commissioner may require you to give the security:

by way of a bond or deposit (including by way of payments in instalments); or

by any other means that the Commissioner reasonably believes is appropriate.

The Commissioner may require you to give security under this section:

at any time the Commissioner reasonably believes is appropriate; and

as often as the Commissioner reasonably believes is appropriate.

The Commissioner may require additional security if he or she reasonably believes that the original security requirement underestimated the amount of the likely tax‑related liability.