Checking entitlement to endorsement
50-140(1) The Commissioner may request an entity that is endorsed as exempt from income tax to give the Commissioner information or a document that is relevant to the entity's entitlement to endorsement. The entity must comply with the request.
Note 1: Section 50-110 sets out the conditions for an entity to be entitled to be endorsed.
Note 2: This Act is a taxation law for the purposes of the Taxation Administration Act 1953. Failure to comply with this subsection is an offence against section 8C of that Act. Also, the Commissioner may revoke the endorsement of the entity under section 50-155 if it fails to comply with this subsection.
Note 3: Section 50-150 modifies the way this subsection operates in relation to partnerships and unincorporated bodies.
50-140(2) The request:
(a) is to be made by notice in writing to the entity; and
(b) may ask the entity to give the information in writing; and
(c) must specify:
(i) the information or document the entity is to give; and
(ii) the period within which the entity is to give the information or document.
The period specified under subparagraph (c)(ii) must end at least 28 days after the notice is given.
50-140(3) The Commissioner may give the notice by way of electronic transmission. This does not limit the ways in which the Commissioner may give the notice.
50-140(4) If the request is for the entity to give information in writing, the document setting out the information:
(a) must be given to the Commissioner; and
(b) may be *lodged electronically; and
(c) must be signed for the entity, or include the entity's *electronic signature if the document is lodged electronically.