14‑220 Commissioner clearance certificat14‑220 Commissioner clearance certificates

#### 14‑220 Commissioner clearance certificates (1) The Commissioner may certify that, based on information before the Commissioner, there is nothing to suggest that an entity is or will be a foreign resident during a specified period. > Note: Such a certificate could result in you not being required to pay an amount under this Subdivision (see subsection 14‑210(2)). (2) A certificate under subsection (1): (a) may be issued on application to the Commissioner in the \*approved form; and (b) is to be in writing; and (c) applies only for the purposes of this Subdivision. (3) For the purposes of (but without limiting) paragraph 388‑50(1)(c), the Commissioner may require an application for a certificate under subsection (1) to state: (a) whether the applicant holds or will hold specified \*CGT assets on behalf of another entity during any part of the period for which the certificate is sought; and (b) whether the applicant knows or reasonably believes that the other entity is or will be a foreign resident during that period. > Note: Section 388‑50 sets out when an application is in the approved form. (4) A certificate issued under subsection (1) is not a legislative instrument.