Commonwealth Consolidated Regulations

INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 - REG 30.212.01

    For the purposes of section   30 - 212 of the Act, this Division sets out:

  (a)   the procedure for seeking a valuation from the Commissioner of a gift mentioned in that section; and

  (b)   the amounts that the Commissioner may charge for making the valuation; and

  (c)   arrangements for payment of those amounts.

Note:   Subsection   30 - 212(1) of the Act applies to a person who makes a gift that is covered by a provision of Division   30 of the Act that refers to the value of property as determined by the Commissioner.