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Regulation to impose an administrative penalty on the late lodgment of Annual investment income reports

Date:

Friday, 12 December 2008

Content ID:

1449

Abstract:

The Income Tax Regulations 1936 are being amended to provide the Commissioner of Taxation with the option of imposing an administrative penalty on investment bodies that lodge their annual investment income reports after the due date. The attached paper and draft regulations provide an opportunity to comment.

Interested parties are invited to comment on the draft regulations. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.

Closing date for submissions: Friday, 30 January 2009

Address written submissions to:
The General Manager
Tax Design Division
The Treasury
Langton Crescent
PARKES ACT 2600

Fax: (02) 6263 2724

Email: investmentreports@treasury.gov.au

For enquiries, please call Barbara Anderson on (02) 6263 4431

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Paper for consultation  25.59kb
Regulations (draft)  14.10kb
Consultation Summary  34.94kb

Related Items:

Submissions: Regulation to impose an administrative penalty on the late lodgment of Annual investment income reports - 3/03/2009

Treasury has received one submission in response to the draft regulations to impose an administrative penalty on the late lodgment of Annual investment income reports. Treasury has been given permission to publish this submission. The submission is listed below and is accessible by selecting the author.

The opinions expressed in the submission are those of the author and do not necessarily reflect the views of the Government or the Treasury.

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