Section 140ZP — Notional application of nomination training contribution charge in relation to nominations by the Commonwealth

140ZP Notional application of nomination training contribution charge in relation to nominations by the Commonwealth

(1) The Commonwealth is not liable to pay nomination training contribution charge that is payable under section 140ZM. However, it is the Parliament’s intention that the Commonwealth should be notionally liable to pay such charge.

(2) The Finance Minister may give such written directions as are necessary or convenient for carrying out or giving effect to subsection (1) and, in particular, may give directions in relation to the transfer of money within an account, or between accounts, operated by the Commonwealth.

(3) Directions under subsection (2) have effect, and must be complied with, despite any other Commonwealth law.

(4) A direction under subsection (2) is not a legislative instrument.

(5) In subsections (1) and (2), Commonwealth includes a Commonwealth entity (within the meaning of the Public

Governance, Performance and Accountability Act 2013) that cannot be made liable to taxation by a Commonwealth law.