22ZXApplications under section 38AF of Act

#### 22ZX Applications under section 38AF of Act (1) This regulation is made for section 38AI of the Act and sets out the information that must be included in an application under section 38AF of the Act by a liable entity. (2) The application must: (a) set out the liable entity’s reasons for choosing the proposed amount; and (b) include a written statement from a person with responsibility for the liable entity’s compliance with the Act that the proposed amount is the person’s best estimate of the amount of the liable entity’s reduced acquisitions for the year at the time of the application; and (c) set out an estimate of the amount of relevant acquisitions made by the liable entity in the year before the day of the application; and (d) set out any factors of which the liable entity is aware that could result in the amount of the liable entity’s reduced acquisitions being more, or less, than the proposed amount; and (e) if the application is made before 1 April in the assessment year—set out the estimated amount of the liable entity’s previous year’s reduced acquisitions that would apply if the Regulator did not make a determination under section 38AF of the Act; and (f) if the application is made after 1 April in the assessment year—set out the amount of the liable entity’s previous year’s reduced acquisitions that would apply if the Regulator did not make a determination under section 38AF of the Act.