Document ID: chunk:federal_register_of_legislation:F2018C00470:body:0:p4
Version: federal_register_of_legislation:F2018C00470
Segment Type: other
Provision Reference: 
Character Range: 8541–11646

currency at the average exchange rate for the financial year most closely corresponding to the income year.

       Part 3—Notices to be given to the Commissioner

       11  Purpose

         This Part sets out matters relating to the notices that must be given to the Commissioner under section 154‑18 of the Act.

       12  Notices relating to leaving Australia

        (1) A notice under subsection 154‑18(1) of the Act relating to a person leaving Australia must contain:
           (a) the person's name; and
           (b) the person's date of birth; and
           (c) the following details (to the extent they are known):
              (i) the person's intended country of residence;
              (ii) the person's contact details, including email address and telephone number.

        (2) For the purposes of paragraph 154‑18(1)(b) of the Act, a person is not required to give a notice under subsection 154‑18(1) of the Act relating to the person leaving Australia if:
           (a) the person gave a notice under that subsection in relation to a previous departure from Australia; and
           (b) since giving that notice, the person has not been an Australian resident.

       13  Notices relating to absence from Australia

         A notice under subsection 154‑18(2) of the Act relating to a person being outside Australia must contain:
           (a) the person's name; and
           (b) the person's date of birth; and
           (c) the person's country of residence; and
           (d) to the extent they are known, the person's contact details, including email address and telephone number.

       14  Notices relating to income

        (1) A notice under subsection 154‑18(3) of the Act relating to a person's income for an income year must contain:
           (a) the person's name; and
           (b) the person's date of birth; and
           (c) the person's country of residence; and
           (d) the person's occupation; and
           (e) the amount of the person's income (including foreign‑sourced income) for the income year; and
           (f) the method used to work out that foreign‑sourced income; and
           (g) if the overseas assessed method was used—the person's identification number used for tax purposes by the taxation authority of a foreign country that made the assessment of the person's income.

        (2) However, paragraphs (1)(d) to (g) do not apply if:
           (a) the person's income (including foreign‑sourced income) for the income year does not exceed 25% of the minimum repayment income for the income year; and
           (b) the notice includes a declaration to that effect.

            Note: Minimum repayment income is defined in section 154‑10 of the Act.

       15  Approved forms

       This Part does not affect the Commissioner's power under section 388‑50 in Schedule 1 to the Taxation Administration Act 1953 to require additional content to be included in the approved form of a notice under section 154‑18 o

Endnotes

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