Document ID: chunk:federal_register_of_legislation:C2025C00134:section:5:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 5 (pt 2/2)
Character Range: 27239–28396

7, 8 and 9 of that Part.
 (7) To avoid doubt, for the purposes of the definition of taxation law in subsection 995‑1(1) of the Income Tax Assessment Act 1997, the Commissioner of Taxation is taken to have the general administration of a provision of this Act or the regulations that confers powers and duties on the Commissioner of Taxation.
Note: An effect of a provision being administered by the Commissioner of Taxation is that people who acquire information under the provision are subject to the confidentiality obligations and exceptions in Division 355 in Schedule 1 to the Taxation Administration Act 1953.

Modification and exemption powers
 (8) Powers and duties are also conferred by sections 328 and 332 on:
 (a) APRA for the purposes of the administration of provisions administered by APRA (including provisions both APRA and ASIC administer) or by the Commissioner of Taxation; and
 (b) ASIC for the purposes of the administration of provisions administered solely by ASIC.

Directions
 (9) The Minister may, by legislative instrument, give APRA or ASIC directions about the performance or exercise of its functions or powers under this Act.