(1) A foreign purchaser who has received an exemption under section 69AJ must lodge a written notice with the Commissioner within 30 days after becoming aware of any circumstances that may result in the requirement under section 69AJ(c) not being complied with.
(2) A failure of the foreign purchaser to
comply with subsection (1) does not affect the Commissioner's
power to exercise a discretion under section 69AK or to reassess duty
under section 69AL.
Ch. 2 Pt 6 (Heading and ss 69A– 69D) inserted by No. 46/2004 s. 11.
Part 6—Tax avoidance schemes
S. 69A inserted by No. 46/2004 s. 11.