Document ID: chunk:federal_register_of_legislation:F2018L00620:body:0:p2
Version: federal_register_of_legislation:F2018L00620
Segment Type: other
Provision Reference: 
Character Range: 2742–5588

requirement to lodge returns
6.4 Penalties for non-compliance with lodgment requirements

    1.                   Name of instrument

    This instrument is the Notice of Requirement to Lodge a Return for the Year of Income Ended 30 June 2018.

    2.                   Commencement

    This instrument commences on the day after it is registered on the Federal Register of Legislation.

    3.                   Application

3.1 Definitions

    Many of the terms used in this instrument are defined and most of the defined terms are identified by an asterisk at the start of the term.

    Once a defined term has been asterisked, later occurrences of the term in the same paragraph are not usually asterisked. Terms are not asterisked in notes and headings.

    The fact that a defined term is not asterisked is not relevant to interpreting the term.

    In this instrument:

    Adopted accounting period means an accounting period that a *person has been granted leave to adopt instead of the *year of income ended 30 June 2018, under section 18 of the ITAA 1936.

    Approved form has the meaning given by section 388-50 of Schedule 1 to the TAA.

    Assessable income has the meaning given by sections 6-5, 6-10, 6-15, 17-10 and 17- 30 of the ITAA 1997.

    Attribution managed investment trust (AMIT) has the meaning given by section 276-10 of the ITAA 1997.

    Australia has the meaning affected by section 960-505 of the ITAA 1997.

    Corporate tax entity has the meaning given by section 960-115 of the ITAA 1997.

    Full self-assessment taxpayer means:

        (1)     a company

       (2)     a trustee of a public trading trust

       (3)     a trustee of an approved deposit fund

       (4)     a trustee of a superannuation fund

        (5)     a trustee of a pooled superannuation trust or

       (6)      a corporate limited partnership that is treated as a company by virtue of the provisions of Division 5A of Part III of the ITAA 1936.

    Foreign hybrid has the meaning given by section 830-5 of the ITAA 1997.

    Income year means the *year of income ended 30 June 2018 or the *adopted accounting period (if the *person has been granted leave to adopt it under section 18 of the ITAA 1936).

    In relation to a partnership:

       (1)    net income has the meaning given by section 90 of the ITAA 1936

       (2)    partnership loss has the meaning given by section 90 of the ITAA 1936.

    Managed investment trust (MIT) has the meaning given by section 275-10 of the ITAA 1997.

    Person includes:

       (1)    a partner of a partnership, including a *foreign hybrid, and subject to Table H or Table N, the descriptions in the Tables apply to a partner's duty to provide a partnership return, as if the partnership was a person and meets those descriptions

       (2)    a trustee of a