Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Where the Commissioner has reason to believe that any person establishing or carrying on business in Australia intends to carry on that business for a limited period only, or where the Commissioner for any other reason thinks it proper so to do, he may at any time and from time to time require that person to give security by bond or deposit or otherwise to the satisfaction of the Commissioner for the due return of, and payment of income tax on, the income derived by that person.
(2) A person who refuses or fails to give security when required to do so under this section is guilty of an offence.
Penalty for contravention of this subsection: 20 penalty units.