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.