Reporting Failures. The U.S. Competent Authority may find significant non-compliance based on a failure by or on behalf of a Reporting Australian Financial Institution to report information on U.S. Reportable Accounts, as specified in Article 4(1)(a) of the IGA, or on 2015 and 2016 payments to Nonparticipating Financial Institutions, as specified in Article 4(1)(b) of the IGA.
Appears in 2 contracts
Samples: Competent Authority Arrangement, Competent Authority Arrangement
Reporting Failures. The U.S. Competent Authority may find significant non-compliance based on a failure by or on behalf of a Reporting Australian New Zealand Financial Institution to report information on U.S. Reportable Accounts, as specified in Article 4(1)(a) of the IGA, or on 2015 and 2016 payments to Nonparticipating Financial Institutions, as specified in Article 4(1)(b) of the IGA.
Appears in 1 contract
Samples: Competent Authority Arrangement
Reporting Failures. The U.S. Competent Authority may find significant non-compliance based on a failure by or on behalf of a Reporting Australian Indian Financial Institution to report information on U.S. Reportable Accounts, as specified in Article 4(1)(a) of the IGA, or on 2015 and 2016 payments to Nonparticipating Financial Institutions, as specified in Article 4(1)(b) of the IGA.IGA.β
Appears in 1 contract
Samples: Competent Authority Arrangement
