Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_15:p12
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 15 (pt 12/39)
Character Range: 1841998–1844817

payment to the supplier, the purchaser must obtain verification that the *ABN *quoted by the supplier is the ABN entered in the *Australian Business Register with the name given by the supplier.
Note: If the purchaser has reasonable grounds to believe that the supplier has not correctly quoted his or her ABN, the purchaser is required to withhold an amount under section 12‑190.

415‑15  Method of obtaining ABN verification
 (1) To obtain verification of a supplier's *ABN, a purchaser must seek the verification in a manner approved in writing by the Commissioner.
 (2) Without limiting the Commissioner's power under subsection (1), the Commissioner may approve verifications being sought orally or by way of electronic transmission.
 (3) Verification of an *ABN may be obtained in such form, including orally or by way of electronic transmission, as the Commissioner approves in writing.
 (4) The Commissioner may, by written notice, vary any requirements under subsection (1) in relation to:
 (a) a purchaser or class of purchaser; or
 (b) a supplier or class of supplier.
The Commissioner may do so in such instances and to such extent as the Commissioner thinks fit.

415‑20  Verification applies to later payments
 (1) Verification of a supplier's ABN applies to all later *Division 415 payments by the purchaser to the supplier unless there is a period of 2 years during which no *Division 415 payment is made by the purchaser to the supplier. If this occurs, the verification continues to apply to any purchases before 1 July first occurring after the end of the 2 year period.
 (2) However, verification of a supplier's *ABN does not apply to a *Division 415 payment if the purchaser has reasonable grounds to believe that the *ABN *quoted by the supplier is no longer the ABN entered in the *Australian Business Register with the name given by the supplier.

Division 417—Verification of suppliers' identities by purchasers

Table of sections
417‑5 Payments to which this Division applies
417‑10 Identity verification requirements
417‑15 Method of obtaining identity verification
417‑20 Verification applies to later payments

417‑5  Payments to which this Division applies
 (1) This Division applies if:
 (a) a payment is made, or liable to be made, by an entity (the purchaser) to another entity (the supplier) for a *supply; and
 (b) the supply is specified in regulations made for the purpose of this section.
 (2) Payments to which this Division applies are called Division 417 payments.
 (3) Without limiting the ways in which the regulations may specify a *supply, the regulations may specify a supply by reference to:
 (a) the goods or services supplied; or
 (b) the supplier; or
 (c) the purchaser.

417‑10  Identity verification requirements
  Before the purchaser makes a *Division 417 payment,