263-15
CurrentRequirements for foreign revenue claims
Volume 2Schedule 1, Chapter 2, Part 2-10 to Chapter 4, Part 4-25 (sections 45-1 to 298-110)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 4Generic assessment, collection and recovery rules
Part 4-15Collection and recovery of tax‑related liabilities and other amounts
Division 263Mutual assistance in the administration of foreign tax laws
Subdivision 263-AForeign revenue claims
263-15 Requirements for foreign revenue claims
A *foreign revenue claim must:
(a)
be made by or on behalf of an entity that is, under the relevant international agreement, the competent authority; and
(b)
be consistent with the provisions of that agreement; and
(c)
be made in the *approved form; and
(d)
specify the amount owed by the debtor in Australian currency (calculated as at the day the claim is made); and
(e)
be accompanied by a declaration by the competent authority stating that the claim fulfils the requirements of that agreement.
This Act’s bill:Second reading speech
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