EXEMPTION FROM REQUIREMENT TO LODGE RETUEXEMPTION FROM REQUIREMENT TO LODGE RETURNS

EXEMPTION FROM REQUIREMENT TO LODGE RETURNS

Nothing in this notice prevents me or an authorised officer of the Australian Taxation Office from granting an exemption from lodgment, whether conditional or not, for specific returns or classes of returns from time to time.

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LODGMENT OF STATEMENTS BY COMPANIES RELATING TO DIVIDENDS AND INTEREST PAID OR CREDITED

In accordance with Part IV of the ITAA 1936 and section 388-50 in Schedule 1 to the TAA 1953, I require statements to be lodged by or on behalf of every company showing the following particulars:

(1) the names, addresses, dates of birth, gender and tax file numbers or Australian Business Number (ABN) (where quoted) of all shareholders to whom dividends have been paid during the year of income ended 30 June 2002, including the amount of dividend paid to each shareholder and any imputation credits referable to that amount

(2) the names, addresses, dates of birth, gender and tax file numbers or Australian Business Number (ABN) (where quoted) of all investors, other than those investors in the business of providing business or consumer finance, to whom interest of $1 or more was paid or credited during the year of income ended 30 June 2002, and the amount of interest so paid or credited to each person.

Where a company is required under subregulation 56(1) of the Income Tax Regulations 1936 to lodge an Annual Investment Income Report containing the above particulars there is no further requirement to furnish this statement.

LODGMENT OF STATEMENTS

The statement containing the above particulars is required to be lodged in the approved form. The statement can be lodged in the approved form with the company tax return or under separate cover, but in either event must be lodged by the due date for lodgment of the company return but not later than 15 May 2003 for companies whose income year ends on 30 June 2002. For companies with an approved substituted accounting period, this statement must be lodged by 31 October 2002 or the due date for lodgment of the company tax return, whichever is later.

If lodged under separate cover, the statement should be addressed to the Manager CIDC Operations, Australian Taxation Office by mail to PO Box 2090, Chermside Centre, Queensland, 4032.

SEPARATE NOTICE TO COMPANIES

Notwithstanding this notice, a company must, when called upon by direct notice, lodge statements containing the above mentioned information in an alternative form, or at an alternative time or place as directed by that notice.

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