20—Insertion of section 130ZZH
After section 130ZZG insert:
130ZZH—Regulations
(1) The regulations may require greater detail to be provided in returns than is otherwise required by this Part.
(2) Without limiting subsection (1)
, the regulations may—
(a) require that a return under Division 7 include additional information relating to persons making gifts, loans or bequests; or
(b) require that the total amounts referred to in section 130ZN be broken down in the way specified in the regulations.
(3) The regulations may reduce the amount of information to be provided in returns under section 130ZO.