292AAInformation sharing by the Chief Commissioner

292AA Information sharing by the Chief Commissioner

292AA Information sharing by the Chief Commissioner

(1) The Chief Commissioner must give the Minister information (royalty information) held by the Chief Commissioner about the following—

(a) royalty due and payable under the Act that remains unpaid for 30 days or more after the payment was due,

(b) extensions of time given by the Chief Commissioner for the payment of royalty,

(c) the payment of royalty by instalments in accordance with the Taxation Administration Act 1996, section 47.

(2) The Chief Commissioner and Minister may enter into an arrangement for the purposes of the Chief Commissioner sharing the royalty information with the Minister.

(3) The Chief Commissioner is permitted to disclose the royalty information to the Minister in accordance with the arrangement.

s 292AA: Ins 2025 No 37, Sch 3[14].