Commonwealth Numbered Regulations

TAXATION ADMINISTRATION REGULATIONS 2017 (F2017L01227) - REG 68

                   For the purposes of subsection 359-40(4) in Schedule 1 to the Act:

                     (a)  the charge for the valuer making a valuation is the amount that the Commissioner is required to pay the valuer for making the valuation; and

                     (b)  the charge for the valuer reviewing a valuation is the amount that the Commissioner is required to pay the valuer for reviewing the valuation.

Note:          The charge for the service may be taxable under the A New Tax System (Goods and Services Tax) Act 1999 . As a result, while the amount the Commissioner can charge for making or reviewing a valuation must be equal to the amount the Commissioner was required to pay for making or reviewing the valuation, the Commissioner can also charge the applicant GST for the service.