Document ID: chunk:federal_register_of_legislation:C2006C00496:clause:4_10
Version: federal_register_of_legislation:C2006C00496
Segment Type: clause
Provision Reference: sch 4 cl 10
Character Range: 39597–40123

10  After subsection 70(1)
Insert:

 (1AA) Subsection (1) requires a record of an arrangement entered into under section 153‑50 of the GST Act to be kept and retained by the party entering into the arrangement as principal. It does not require such a record to be kept or retained by the party entering into the arrangement as agent.

 (1AB) Subsection (1) requires records of a notice given under subsection 153‑65(2) of the GST Act to be kept and retained by both the entity giving the notice and the entity receiving it.