417-15
CurrentMethod of obtaining identity verification
Volume 3Schedule 1, Chapter 4, Part 4-30 to Chapter 5, Part 5-100 (sections 308-1 to 990-5)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 5Administration
Part 5-30Payment, ABN and identification verification system
Division 417Verification of suppliers’ identities by purchasers
417-15 Method of obtaining identity verification
(1)
To obtain verification of a supplier’s identity, a purchaser must carry out the identity verification procedure that is determined, in writing, by the Commissioner.
(2)
The Commissioner may determine different identity verification procedures for:
(a)
different purchasers or classes of purchasers; or
(b)
different suppliers or classes of suppliers.
This Act’s bill:Second reading speech
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