Tax Agent Services Act 2009
PART 7
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MISCELLANEOUS
Division 70
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Miscellaneous
Subdivision 70-C
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Provisions affecting trustees and partnerships
SECTION 70-15
70-15
How this Act applies to an individual or company in the capacity of a trustee
This Act applies to: (a) a trustee who is an individual in the same way as it applies to an individual; and (b) a trustee that is a company in the same way as it applies to a company.
This Act applies to: (a) a trustee who is an individual in the same way as it applies to an individual; and (b) a trustee that is a company in the same way as it applies to a company.
[ CCH Note: S 70-15(2) will be inserted by No 86 of 2026, s 3 and Sch 1 item 52, applicable in relation to conduct engaged in on or after 1 October 2026. S 70-15(2) will read:
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Civil penalties - significant global entities
70-15(2)
Despite subsection (1) , the civil penalty that may be imposed on an individual who contravenes a civil penalty provision in the capacity of a trustee of a trust that is a * significant global entity must not exceed the maximum penalty that could be imposed on a body corporate for the same contravention.
[ CCH Note: S 70-15 will be amended by No 86 of 2026, s 3 and Sch 1 item 51, by inserting " (1) " before " This Act " , applicable in relation to conduct engaged in on or after 1 October 2026.]
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