51Conditions of approval

51 Conditions of approval

(1)  An approval is subject to any conditions specified by the Commissioner in the notice of approval or by subsequent written notice.

(2)  [Section 51 Subsection (2) amended by No. 8 of 2008, s. 41, Applied:02 May 2008] Without limiting the conditions to which an approval may be subject, those conditions may include –

(a) conditions limiting the approval to matters of a specified class; and

(b) conditions limiting the approval to transactions effected by instruments of a specified class; and

(c) conditions requiring the lodging of returns at specified times and conditions as to the contents of the returns; and

(d) conditions requiring payments of tax at specified times; and

(da) [Section 51 Subsection (2) amended by No. 6 of 2002, Sched. 2, Applied:30 May 2002] conditions requiring the payment of interest at the interest rate on any amount of tax not paid at the specified time; and

(e) conditions as to the means by which returns are to be lodged or payments of tax are to be made; and

(f) if the approval provides an exemption from a requirement for the stamping of instruments, conditions as to the endorsement of the instruments; and

(g) conditions requiring the taxpayer or agent to whom the approval was given to keep specified records.