Tax Agent Services Act 2009

PART 4A - DISQUALIFIED ENTITIES  

Division 45 - Disqualified entities  

SECTION 45-15   Obligation to give notice if you become a disqualified entity  

45-15(1)    
If you become a *disqualified entity and:

(a)    you are providing *tax agent services on behalf of a *registered tax agent or BAS agent; or

(b)    there is an *arrangement in force between you and a *registered tax agent or BAS agent in connection with the provision of tax agent services by the registered tax agent or BAS agent;

you must notify the registered tax agent or BAS agent, in writing, that you are a disqualified entity.

45-15(2)    
You must notify the registered tax agent or BAS agent within 30 days of the day on which you become, or ought to have become, aware, that you are a disqualified entity.

Civil penalty

45-15(3)    
You contravene this subsection if you fail to give a notice in accordance with this section.

Civil penalty:

(a) for an individual - 250 penalty units; and

(b) for a body corporate - 1,250 penalty units.

Note:

Subdivision 50-C of this Act and Subdivision 298-B in Schedule 1 to the Taxation Administration Act 1953 determine the procedure for obtaining a civil penalty order against you.