Commonwealth Consolidated Acts

A NEW TAX SYSTEM (AUSTRALIAN BUSINESS NUMBER) ACT 1999 - SECT 31

  (1)   The Governor - General may make regulations prescribing matters:

  (a)   required or permitted by this Act to be prescribed; or

  (b)   necessary or convenient to be prescribed for carrying out or giving effect to this Act;

and, in particular:

  (c)   prescribing fees; or

  (d)   prescribing penalties, not exceeding 10 penalty units, for offences against the regulations.

  (2)   The amount of a fee prescribed under paragraph   (1)(c):

  (a)   must be reasonably related to the expenses incurred or to be incurred by the * Registrar in connection with the activity that attracts the fee; and

  (b)   must not be such as to amount to taxation.