Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 410.50

  (1)   The * resale royalty collecting society must give an entity notice of any payment it makes to the entity under section   26 of the Resale Royalty Right for Visual Artists Act 2009 , if section   51 - 45 of this Act applies to the society.

  (2)   The society must give the notice at the time of the payment.

  (3)   The notice must be in the * approved form.

Note:   Under section   288 - 75 in Schedule   1 to the Taxation Administration Act 1953 the society is liable to an administrative penalty for failing to give a notice required under this section.

Table of Subdivisions

  Guide to Division   415

415 - A   Object of this Division

415 - B   Tax losses and bad debts

415 - C   Designating infrastructure projects