51Conditions of approval

51 Conditions of approval (1) An approval under this Division is subject to conditions specified by the Commissioner in the notice of approval or by subsequent notice. (2) The conditions of an approval may include: (a) conditions limiting the approval to tax liabilities of a specified class; and (b) conditions limiting the approval to transactions effected by instruments of a specified class; and (c) conditions about the content of returns and the time of lodgement; and (d) conditions requiring payments of tax or other amounts at specified times; and (e) conditions about the means by which returns are to be lodged or payments of tax or other amounts are to be made; and (f) if the approval provides an exemption from a requirement for the stamping of instruments, conditions about the endorsement of the instruments; and (g) conditions requiring the taxpayer or agent to whom the approval is given to keep specified records; and (h) conditions requiring the payment of interest in accordance with the approval on any amount that is not paid to the Commissioner when it is required under the approval to be paid; and (i) conditions requiring the payment of a penalty imposed by the Commissioner on any amount that is not paid to the Commissioner when it is required under the approval to be paid; and (j) conditions about facilitating refunds under Part 4; and (k) any other conditions the Commissioner considers appropriate.

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