Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 5) 1989 No. 20 of 1990 - SECT 29

29. (1) Section 161 of the Principal Act is amended by omitting subsection (1)
and substituting the following subsections:

"(1) Every person must, if required by the Commissioner by notice published in
the Gazette, furnish to the Commissioner:

   (a)  in whichever of the forms of return provided by the Commissioner for
        the purpose is applicable; and

   (b)  in the prescribed manner; and

   (c)  within the period specified in the notice or such further period as
        the Commissioner allows; a return signed by the person, containing
        such information as is required by the form of return in relation to:

   (d)  the income (other than income upon which withholding tax is payable),
        and profits or gains of a capital nature, derived by the person during
        the year of income; and

   (e)  any deductions or losses, being losses of a capital nature, claimed by
        the person.

"(1a) The Commissioner may, in the notice, exempt from liability to furnish
returns such classes of persons not liable to pay income tax as the
Commissioner thinks fit, and a person so exempted need not furnish a return
unless the person is required by the Commissioner to do so.".

(2) The amendment made by subsection (1) applies in respect of the year of
income ending on 30 June 1990 and in respect of all subsequent years of
income.