Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012
121‑15 Substantiation requirement121‑15 Substantiation requirement
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121‑15 Substantiation requirement
(1) An entity that receives information from another entity under this Division may request the other entity to provide further and better particulars of the information, including: (a) if relevant, the underlying document or information on which it was based; and (b) in relation to an amount, the way in which it was calculated. (2) The other entity must comply with the request within 60 days of the request being made.
Note: Section 286‑75 provides an administrative penalty for a breach of this section. A breach of this section may also be an offence under section 8C, and making a false or misleading statement when providing the information may be an offence under section 8K or 8N.