Commonwealth Numbered Acts

Bank Account Debits Tax Administration Act 1982 No. 142 of 1982 - SECT 56

PART IX-MISCELLANEOUS

56. (1) A bank shall, within 2 months, or such further time as the
Commissioner allows, after the end of the year ending on 31 December 1983, and
within 2 months, or such further time as the Commissioner allows, after the
end of each subsequent year, furnish to the Commissioner a return setting out,
in alphabetical order the name and address of every person who, at any time
during the year concerned, was an account holder in respect of an exempt
account with the bank.

(2) A return required to be furnished by a bank under sub-section (1) shall
be-

   (a)  if the Commissioner agrees to the return being in the form of a disc,
        tape or other device from which the information required to be
        contained in the return is capable of being reproduced-in that form;
        or

   (b)  in any other case-in a written form.

Penalty: $2,000.