South Australian Consolidated Acts South Australian Consolidated Acts37—Payments and returns by account holders
(1) A person in whose
name an exempt account to which this section applies is kept must, not later
than two months after the end of each financial year—
(a)
lodge with the Commissioner a return in a form approved by the
Commissioner—
(i)
giving details of any amounts paid into the account in
contravention of this Act; or
(ii)
if no amount was paid into the account in contravention
of this Act—stating that fact; and
(b) if
amounts were paid into the account in contravention of this Act, pay to the
Commissioner in respect of each such amount—
(i)
duty equal to—
(A) the prescribed percentage of the
amount; or
(B) $1 200,
whichever is the less; and
(ii)
additional duty equal to the amount of that duty.
(2) The Commissioner
may remit additional duty payable under subsection (1) in whole or part.
(2a) A decision of the
Commissioner under subsection (2) is a non-reviewable decision within the
meaning of the Taxation Administration Act 1996 .
(3) This section
applies to the following classes of exempt accounts:
(a)
short term dealing accounts; and
(b)
special accounts kept in the name of a pastoral finance company; and
(c)
sweeping accounts; and
(d) any
other class of exempt accounts prescribed by regulation.
(5) In this
section—
"financial year" means—
(a) a
financial year ending on 30 June in any year up to and including 30 June 2001;
or
(b) if
the Commissioner has approved a year ending on some other date as a
financial year—
(i)
a financial year ending before 30 June 2001;
(ii)
the period commencing at the end of the last
financial year before 30 June 2001 and ending on 30 June 2001.