In force2024 Revised EditionCurrent version · 2024 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Income Tax Act · 2024 Revised Edition · Part · Offences and Penalties
Income Tax Act · 2024 Revised Edition · Part · Offences and Penalties
Official textFrom Attorney General's Chambers, unchanged
If —
a person enters into any arrangement or takes any action;
and
in the Collector’s view, the main purpose, or one of the main purposes of the person in entering into the arrangements or in taking the action is to avoid any obligation under, or to circumvent the application of section 86L or any regulation made under section 86Q, then the Collector may in writing direct a relevant person that section 86L or the regulation has effect in relation to the relevant person as if the arrangements had not been entered into or the action had not been taken, and section 86L or the regulation shall then apply accordingly.
In subsection (1), “relevant person” means a person who is subject to section 86L or the regulation, and whom the Collector considers should receive the direction.
arrangement
“arrangement” means an avoidance of double taxation convention or tax information exchange agreement having effect under section 41;
Collector
“Collector” means the Collector of Income Tax appointed under section 3 and includes for all purposes of this Act, except the powers conferred on the Collector by sections 76, 79, 80 and 83, a Deputy Collector so appointed;