Western Australian Consolidated Regulations

TAXATION ADMINISTRATION REGULATIONS 2003 - REG 14A

14A .         Disclosure of information about settlement agents (section 114)

        (1)         In this regulation —

        senior Board member means —

            (a)         a member of the Settlement Agents Supervisory Board established by the Settlement Agents Act 1981 section 5 appointed under section 6(1)(a) , (b) or (c) of that Act; or

            (b)         the Registrar of that Board;

        settlement agent has the meaning given in the Settlement Agents Act 1981 section 3(1);

        STR arrangement means a special tax return arrangement under which a settlement agent —

            (a)         is authorised to collect tax payable by a taxpayer; and

            (b)         is required to pay that tax to the Commissioner.

        (2)         If —

            (a)         a settlement agent has entered into an STR arrangement; and

            (b)         after carrying out an investigation under Part 8 of the Act, the Commissioner believes on reasonable grounds that the settlement agent failed to pay tax payable under that arrangement by the date on which it was due for payment,

                the Commissioner may, under section 114(3)(g) of the Act, disclose information relating to that failure to a senior Board member.

        [Regulation 14A inserted in Gazette 22 Jul 2008 p. 3355‑6.]