Document ID: chunk:federal_register_of_legislation:C2017A00064:clause:1_15:p4
Version: federal_register_of_legislation:C2017A00064
Segment Type: clause
Provision Reference: sch 1 cl 15 (pt 4/4)
Character Range: 14127–16030

give effect to the determination.

117‑30  Determination has effect according to its terms
  For the purpose of making an *assessment, a statement in a determination under this Subdivision has effect according to its terms, despite the provisions of a *taxation law outside of this Division.

117‑35  Commissioner may disregard scheme in making determinations
  For the purposes of making a determination under this Subdivision, the Commissioner may:
 (a) treat a particular event that actually happened as not having happened; and
 (b) treat a particular event that did not actually happen as having happened and, if appropriate, treat the event as:
 (i) having happened at a particular time; and
 (ii) having involved particular action by a particular entity; and
 (c) treat a particular event that actually happened as:
 (i) having happened at a time different from the time it actually happened; or
 (ii) having involved particular action by a particular entity (whether or not the event actually involved any action by that entity).

117‑40  One determination may cover several quarters etc.
  To avoid doubt, statements relating to different *quarters and different *MBL benefits may be included in a single determination under this Subdivision.

117‑45  Commissioner must give copy of determination to entity affected
 (1) The Commissioner must give a copy of a determination under this Subdivision to the entity whose liability for levy under the Major Bank Levy Act 2017 is stated in the determination.
 (2) A failure to comply with subsection (1) does not affect the validity of the determination.

117‑50  Objections
  If the entity whose liability for levy under the Major Bank Levy Act 2017 is stated in a determination under this Subdivision is dissatisfied with the determination, the entity may object against it in the manner set out in Part IVC of the Taxation Administration Act 1953.