Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:4_1
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 4 cl 1
Character Range: 203620–204133

1  Subsection 125(1)
Repeal the subsection, substitute:
 (1) The Commissioner of Taxation and any taxation officer is entitled to access to AUSTRAC information for any purpose relating to the facilitation of the administration or enforcement of:
 (a) a taxation law; or
 (b) the Foreign Acquisitions and Takeovers Act 1975, if the Commissioner or officer is accessing the information in relation to a matter for which there has been a request under subsection 138(4) of that Act.

Income Tax Assessment Act 1997