15‑50 Declarations15‑50 Declarations

#### 15‑50 Declarations Declarations about matters (1) An individual who: (a) expects to receive a \*withholding payment covered by Subdivision 12‑B, 12‑C or 12‑D, or an \*alienated personal services payment to which Division 13 applies, from an entity; and (b) wishes to have a matter relating to the individual’s income tax or other liability referred to in paragraph 11‑1(b), (ca), (caa), (cb), (cc), (cd), (da) or (db) taken into account by the entity in working out the \*amount required to be withheld from the payment; may give the entity a declaration about the matter in the \*approved form. When declarations under subsection (1) can’t be given (2) The individual cannot give a declaration under subsection (1) unless: (a) a \*TFN declaration is in effect between the individual and the entity, or a \*voluntary agreement covers the payment; and (b) if the individual has given another entity a declaration on any matter—that declaration is not in effect. Declarations changing information given in TFN declaration (3) If: (a) an individual has given a \*TFN declaration to an entity; and (b) the individual made a statement about a matter in the TFN declaration; and (c) the individual’s circumstances change in relation to the matter; the individual may give the entity a declaration about the matter in the \*approved form. Regulations (4) The regulations may prescribe: (b) when a declaration under subsection (1) or (3) starts or ceases to be in effect; and (c) when a declaration under subsection (1) or (3) is taken to have been given. (5) If: (a) an individual gives an entity a declaration under subsection (1) or (3) about a matter; and (b) the individual’s circumstances change in relation to the matter; the regulations may also prescribe when the individual must give the entity a new declaration about the matter.