Commonwealth Numbered Regulations

INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 (F2021L00206) - 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.