Lodging declaration stating facts and circumstances
496 Lodging declaration stating facts and circumstances
(1) This section
applies if, for the assessment of a person’s liability to duty, the person
lodges an instrument or ELN transaction document that does not state all the
facts and circumstances affecting the liability to duty or the amount of duty
that may be imposed on it or a transaction to which it relates.
(2) The
person must lodge a statutory declaration stating the facts and circumstances
when lodging the instrument or ELN transaction document.
Note—
Failure to
lodge the declaration is an offence under the Administration Act , section 121
.
(3) For determining the person’s liability to duty, the commissioner
must take into account the facts and circumstances stated in the declaration
as if they were in the instrument or ELN transaction document.
