Examples of TAA 1953 in a sentence
Divisions 4 and 5 of Part IVC of the TAA 1953 will not apply accordingly.
NTER entities will be entitled to object against an NTER related decision of the Commissioner in accordance with the provisions of Part IVC of the TAA 1953.
NTER entities will not be entitled to seek an external review of, or appeal against, an NTER related decision of the Commissioner, whether under a provision of the relevant taxation laws, including section 14ZZ of the TAA 1953, or otherwise.
An administrative penalty regime applying to taxpayers is contained in schedule 1 to the TAA 1953.
NTER related objections must be lodged in writing with the Commissioner within the time period set out in section 14ZW of the TAA 1953.
Applications for NTER private rulings are to be made in the same manner and on the same grounds as are set out for taxpayers in Division 359 in schedule 1 to the TAA 1953.
NTER entities will be subject to the penalty regime contained in schedule 1 to the TAA 1953, except that prosecution will not be an alternative to the administrative penalties.
Section 3C of the TAA 1953 (requiring the Commissioner to publish specified information about large corporate tax entities) will not apply notionally to NTER entities.
In accordance with the provisions of Division 359 in schedule 1 to the TAA 1953, taxpayers may seek from the Commissioner a private ruling on the way in which the Commissioner considers a relevant tax provision would apply to the taxpayer in relation to a specified scheme.Additional information on the private rulings system may be found in Income Tax Ruling TR 2006/11 and in the ATO’s Law Administration Practice Statement PS LA 2008/3.
The PAYG instalment system is set out in Division 45 in Schedule 1 to the TAA 1953.