Conditions of approval

Current

(1)

An approval under this Part is subject to conditions specified by the Commissioner in the notice of approval or by subsequent written notice.

(2)

The conditions of an approval may include—

(a)

conditions limiting the approval to matters of a specified class;

and

(b)

conditions requiring the lodging of returns at specified times and conditions as to the contents of the returns; and

(c)

conditions requiring payments of tax at specified times;

and

(d)

conditions as to the means by which returns are to be lodged or payments of tax are to be made; and

(e)

if the approval provides an exemption from a requirement for the stamping of instruments, conditions as to the endorsement of the instruments;

and

(f)

conditions requiring the taxpayer or agent to whom the approval was given to keep specified records.

(3)

A decision of the Commissioner as to the terms and conditions of an approval is a non-reviewable decision.

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