CTHIn ForceAct
Taxation Administration Act 1953
12‑160 Investment body unaware that exem12‑160 Investment body unaware that exemption from quoting TFN has stopped applying
Start here
Get a plain-English read of 12‑160 Investment body unaware that exem
Turn the raw legal text into a practical explanation grounded in Taxation Administration Act 1953.
12‑160 Investment body unaware that exemption from quoting TFN has stopped applying
Section 12‑140 or 12‑145 does not require an amount to be withheld if: (a) a provision of Division 5 of Part VA of the Income Tax Assessment Act 1936 has applied to the other entity in relation to the investment, but no longer applies when the payment is made; and (b) when the payment is made, the *investment body has not been informed of anything that resulted in the provision no longer applying.
Note: Division 5 of Part VA of that Act provides, in certain cases, that even though an entity has not quoted its tax file number it is taken to have done so.