Document ID: chunk:federal_register_of_legislation:C2015C00124:clause:5_3d
Version: federal_register_of_legislation:C2015C00124
Segment Type: clause
Provision Reference: sch 5 cl 3D
Character Range: 90793–92393

3D  Reporting of information about entity with MRRT payable
 (1) This section applies to an entity if the entity has an amount of MRRT payable for an MRRT year, according to information reported to the Commissioner in the entity's MRRT return for the MRRT year.
 (2) The Commissioner must, as soon as practicable after the end of the MRRT year, make publicly available the information mentioned in subsection (3).
 (3) The information is as follows:
 (a) the entity's ABN (within the meaning of the Income Tax Assessment Act 1997) and name;
 (b) the entity's MRRT payable for the MRRT year, according to information reported to the Commissioner in the entity's MRRT return for the MRRT year.
 (4) Subsection (5) applies if:
 (a) the entity gives the Commissioner a notice in writing that the return mentioned in paragraph (3)(b) contains an error; and
 (b) the notice contains information that corrects the error.
 (5) The Commissioner may at any time make the information mentioned in paragraph (4)(b) publicly available, in accordance with subsection (2), in order to correct the error.
 (6) To avoid doubt, if the Commissioner considers that information made publicly available under subsection (2) fails to reflect all of the information required to be made publicly available under that subsection, the Commissioner may at any time make publicly available other information in order to remedy the failure.
 (7) In this section:
MRRT return has the meaning given by the Income Tax Assessment Act 1997.
MRRT year has the meaning given by section 300‑1 of the Minerals Resource Rent Tax Act 2012.