30When new declarations to be given

#### 30 When new declarations to be given (1) An individual to whom subregulation (2) or (5) applies must give a new declaration in the approved form to the entity mentioned in that subregulation. (2) This subregulation applies to an individual if: (a) the individual gives to an entity a declaration under subsection 15‑50(1) or (3) in Schedule 1 to the Act about a matter. (b) the individual’s circumstances change in relation to the matter. (5) This subregulation applies to an individual who: (a) gives a TFN declaration to an entity expressing a wish to reduce the amount withheld to correspond with the first‑mentioned amount (the tax‑free threshold) set out in column 1 of the table in clause 1 of Part I of Schedule 7 to the Income Tax Rates Act 1986; and (b) becomes a foreign resident. (6) If the individual fails to comply with subregulation (1), he or she is liable to pay a civil penalty of 5 penalty units. > Note 1: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit. > Note 2: Division 298 of Schedule 1 to the Act contains machinery provisions relating to civil penalties.