24K
CurrentApplication of Taxation Administration Act 1996
Part 2AShared equity schemes
Division 5Miscellaneous
24K Application of Taxation Administration Act 1996
(1)
The Taxation Administration Act 1996, Part 8 applies in relation to a participant in a shared equity scheme, with the following modifications—
(a)
a reference to a taxpayer is to be read as a reference to a participant,
(b)
a reference to a tax liability is to be read as a reference to compliance with the terms and conditions of the shared equity scheme,
(c)
a reference to a taxation law, including in relation to the functions of an authorised officer or tax officer, is to be read as the terms and conditions of the shared equity scheme.
(2)
In this section—
participant includes a former participant.
This Act’s bill:Explanatory memorandum
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