Section 102:
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
102. Security to be furnished to Director-General
(1) The Director-General may, for the purposes of securing the payment
of any duty or tax payable under this Act, require any licensee to furnish
security by means of a bank guarantee in such amount and for such period
as the Director-General may determine.
(2) Any licensee who fails to comply with a requirement under subsection (1) shall commit an offence.
(S. 102 came into operation on 6 December 2007.)
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Questions this section answers
- Can the Director-General require me to guarantee payment of tax I owe as a licensee?