Document ID: chunk:federal_register_of_legislation:C2025A00009:clause:2_1:p12
Version: federal_register_of_legislation:C2025A00009
Segment Type: clause
Provision Reference: sch 2 cl 1 (pt 12/17)
Character Range: 80710–83714

or the *ART of the decision to revoke the registration.

419‑80  Industry Secretary may request further information
 (1) The *Industry Secretary may request an applicant under:
 (a) subsection 419‑35(2) (about registrations); or
 (b) subsection 419‑55(2) (about transfers); or
 (c) subsection 419‑60(1) (about variations); or
 (d) subsection 419‑70(3) (about late material);
to give specified information, or specified kinds of information, to the Industry Secretary about the application.
 (2) The *Industry Secretary may request a company that has a *registered CMPTI processing activity to give specified information, or specified kinds of information, to the Industry Secretary about the registration within:
 (a) the 30‑day period starting when the request is given; or
 (b) such longer period as the Industry Secretary allows.
The request must mention that the registration will be suspended and then revoked if the request is not complied with.
 (3) The *Industry Secretary need not consider an application while waiting for information requested under subsection (1) about the application.
 (4) A request under subsection (1) or (2) may be for the information or kinds of information to be given in a form approved under subsection 419‑150(1).

419‑85  Advising the Commissioner about a registration
  Based on all information the *Industry Secretary has about a company's registration of a *registered CMPTI processing activity for an income year, the Industry Secretary must advise the Commissioner:
 (a) whether the activity is being carried on in accordance with the registration; and
 (b) whether the company is carrying on any *CMPTI processing activities during the income year that are not registered CMPTI processing activities; and
 (c) whether the company is carrying on any other activities during the income year that the Industry Secretary believes may be relevant to the Commissioner's administration of this Division.
Note: Such advice could be based on information from sources including:
(a) applications under sections 419‑35, 419‑55 and 419‑60; and
(b) annual reports given under section 419‑45; and
(c) requests made under section 419‑80.

419‑90  Amendment of assessments
  Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment given to a company for the purposes of giving effect to this Division for an income year if the registration of a *registered CMPTI processing activity for the company is transferred, varied, suspended or revoked.
Note: Section 170 of the Income Tax Assessment Act 1936 specifies the periods within which assessments may be amended.

Subdivision 419‑D—Integrity rules

Table of sections
419‑95 Expenditure incurred while not at arm's length
419‑100 Reducing a company's CMPTI expenditure to reflect mark‑ups within the company's group
419‑105 Disregarding registration of an activity that a company is paid to carry on

419‑95  Expenditure incurred while not at arm's length
  If:
 (a) a company incurs