A NEW TAX SYSTEM (FAMILY ASSISTANCE) (ADMINISTRATION) ACT 1999 - SECT 219TN Duty of nominee to principal
A NEW TAX SYSTEM (FAMILY ASSISTANCE) (ADMINISTRATION) ACT 1999 - SECT 219TN
Duty of nominee to principal(1) It is the duty of a person who is the payment or correspondence nominee of another person at all times to act in the best interests of the principal.
(2) A nominee does not commit a breach of the duty imposed by subsection (1) by doing an act if, when the act is done, there are reasonable grounds for believing that it is in the best interests of the principal that the act be done.
(3) A nominee does not commit a breach of the duty imposed by
subsection (1) by refraining from doing an act if, at the relevant
time, there are reasonable grounds for believing that it is in the best
interests of the principal that the act be not done.