New South Wales Consolidated Regulations

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LOCAL GOVERNMENT (GENERAL) REGULATION 2005 - REG 190

Debts

190 Debts

(1) A person making a return must disclose the name and address of each person to whom the person was liable to pay any debt:
(a) in the case of a return under section 449 (1) of the Act--on the return date, or
(b) in the case of a return under section 449 (3) of the Act--at any time since the last return under Part 2 of Chapter 14 of the Act was made.
(2) A liability to pay a debt must be disclosed by a person in a return whether or not the amount, or any part of the amount, to be paid was due and payable on the return date or at any time since the last return under Part 2 of Chapter 14 of the Act was made, as the case may be.
(3) A liability to pay a debt need not be disclosed by a person in a return if:
(a) the amount to be paid did not exceed $500 on the return date or at any time since the last return under Part 2 of Chapter 14 of the Act was made, as the case may be, unless:
(i) the debt was one of two or more debts that the person was liable to pay to one person on the return date or at any time since the last return was made, as the case may be, and
(ii) the amounts to be paid exceeded, in the aggregate, $500, or
(b) the person was liable to pay the debt to a relative, or
(c) in the case of a debt arising from a loan of money the person was liable to pay the debt to an authorised deposit-taking institution or other person whose ordinary business includes the lending of money and the loan was made in the ordinary course of business of the lender, or
(d) in the case of a debt arising from the supply of goods or services:
(i) the goods or services were supplied in the period of 12 months immediately preceding the return date or were supplied since the last return under Part 2 of Chapter 14 of the Act was made, as the case may be, or
(ii) the goods or services were supplied in the ordinary course of any occupation of the person that is not related to his or her duties as the holder of a position required to make a return.



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