Australian Capital Territory Consolidated Acts

TAXATION ADMINISTRATION ACT 1999 - SECT 42

    (1)     The commissioner may approve special arrangements that vary the provisions of a tax law in relation to—

        (a)     the lodging of returns; and

        (b)     the way of payment of amounts of tax;

that are due under a tax law.

    (2)     An approval also has the effect of—

        (a)     exempting the taxpayers concerned from payment of duty under provisions of the Duties Act 1999 stated in the approval for transactions for which the taxpayers would otherwise be charged $20 if the transactions are recorded in a return lodged, or record kept, in accordance with the approval; and

        (b)     exempting the taxpayers concerned from the application of that Act, section 229 (Minimum amount of duty) for transactions recorded in a return lodged, or record kept, in accordance with the approval.

Note     The Duties Act 1999 , s 229A (1), provides for the exemption in par (a). The Duties Act 1999 , s 229A (2), provides for the exemption in par (b). The effect of the 2nd exemption is to require the payment of duty of less than $20 for transactions rather than the minimum duty of $20 imposed by s 229.

    (3)     An approval shall apply in relation to—

        (a)     a specified class of taxpayers; or

        (b)     a specified class of people who act as agents on behalf of a specified class of taxpayers.

    (4)     An approval, among other things, may—

        (a)     provide an exemption for the taxpayers from stated provisions of the tax law to which it applies; or

        (b)     authorise payments of tax to be made by return; or

        (c)     authorise the lodging of returns and payments of tax by electronic means.

    (5)     An approval under this section is a disallowable instrument.

Note     A disallowable instrument must be notified, and presented to the Legislative Assembly, under the Legislation Act.