Document ID: chunk:federal_register_of_legislation:F2015L00783:body:0:p1
Version: federal_register_of_legislation:F2015L00783
Segment Type: other
Provision Reference: 
Character Range: 0–3058

Legislative Instrument

Lodgment of account activity statements by First Home Saver Account providers for the year ended 30 June 2015 in accordance with the Taxation Administration Act 1953

I, Erin Holland, Deputy Commissioner of Taxation delegate of the Commissioner of Taxation under section 8 of the Taxation Administration Act 1953, make the following legislative instrument regarding lodgment of statements by First Home Saver Account providers for the income year ended 30 June 2015 in accordance with the:

Taxation Administration Act 1953:
Section 8C, Section 8E and Section 8ZF.

Taxation Administration Act 1953 (Schedule 1):
Section 286-75, Section 388-55 and Section 391-5.

Signed Erin Holland
Deputy Commissioner of Taxation
28 May 2015

    1.               Name of instrument

    This instrument is the 'Lodgment of  account activity statements by First Home Saver Account providers for the year ended 30 June 2015 in accordance with the Taxation Administration Act 1953'.

    2.                  Commencement

    This instrument is taken to have commenced on the day after it is registered.

    3.                  Application

    Lodgment of statements by first home saver account providers

    In accordance with section 391-5 of Schedule 1 to the Taxation Administration Act 1953 the Commissioner of Taxation (the Commissioner) requires a First Home Saver Account provider to give the information set out in that section on or before 31 October 2015 or such later date as the Commissioner may allow.

    Lodgment of statements in a certain form

    In accordance with subsection 391-5(5) of Schedule 1 to the Taxation Administration Act 1953, the account activity statement must be in the approved form.

    The particulars required to be given in a statement given under section 391-5 of Schedule 1 to the Taxation Administration Act 1953 cannot be sent, typed or handwritten on a paper form.  Lodgment of the First Home Saver Account activity statement must be done via the Electronic Commerce Interface.

         Electronic Commerce Interface
         The information can be lodged via the Electronic Commerce Interface using the Internet, provided it is formatted according to the current version of the Electronic Reporting Specification - First Home Saver Accounts (FHSA) activity report.

    Deferral of time for lodgment of account activity statements

    In accordance with section 388-55 of Schedule 1 to the Taxation Administration Act 1953, the Commissioner may defer the time for lodgment of any statements to a date later than the relevant date specified in this instrument.

    Exemption from requirement to give particulars in a specific form

    Nothing in this instrument prevents the Commissioner or an authorised officer of the Australian Taxation Office from granting to a First Home Saver Account provider an exemption from providing in an electronic form the information set out in section 391-5 of Schedule 1 to the Taxation Administration Act 1953.

    Penalties for non-compliance

    A