Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_15:p10
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 15 (pt 10/39)
Character Range: 1836987–1839710

*Division 405 report to the Commissioner within 21 days after the end of the quarter.
 (2) A Division 405 report is a written statement in the *approved form that names the purchaser and, for each supplier in relation to whom the purchaser made, or was liable to make, a *Division 405 payment during the *quarter:
 (a) names the supplier; and
 (b) specifies the supplier's *ABN (if known by the purchaser); and
 (c) specifies the total of the Division 405 payments that the purchaser made, or was liable to make, to the supplier during the quarter that:
 (i) were notified in an invoice during the quarter (unless the payment was reported in an earlier Division 405 report); or
 (ii) were made during the quarter but for which no invoice had been received before the end of the quarter.
The report must also include any other information that the Commissioner requires.
 (3) The Commissioner may, in writing, require particular information to be included in a *Division 405 report or a class of Division 405 reports.
 (4) The Commissioner may, by written notice, vary any requirements under subsection (1), (2) or (3) in relation to a purchaser or class of purchaser. The Commissioner may do so in such instances and to such extent as the Commissioner thinks fit.

405‑15  Invoices produced by purchasers
  If a purchaser produces an *invoice that notifies the purchaser's obligation to make a payment, the purchaser is taken to have been notified of the payment at the time that the invoice is produced.

Division 410—Transaction reporting by suppliers

Table of sections
410‑5 Payments to which this Division applies
410‑10 Reporting requirements
410‑15 Invoices produced by purchasers

410‑5  Payments to which this Division applies
 (1) This Division applies to any payments received, or entitled to be received, for a *supply where the supply is specified in regulations made for the purpose of this section.
 (2) A payment is entitled to be received if the obligation to make the payment is notified in an *invoice.
 (3) Payments to which this Division applies are called Division 410 payments.
 (4) Without limiting the ways in which the regulations may specify a *supply, the regulations may specify a supply by reference to:
 (a) the goods or services supplied; or
 (b) the supplier; or
 (c) the purchaser.

410‑10  Reporting requirements
 (1) Any entity (the supplier) that receives, or is entitled to receive, a *Division 410 payment during a *quarter must give a *Division 410 report to the Commissioner within 21 days after the end of the quarter.
 (2) A Division 410 report is a written statement in the *approved form that names the supplier and, for each purchaser in relation to whom the supplier received,