Tax Agent Services Act 2009

PART 3 - THE CODE OF PROFESSIONAL CONDUCT  

Division 30 - The Code of Professional Conduct  

Subdivision 30-C - Notifying a change of circumstances  

SECTION 30-35   Obligation to notify a change of circumstances  

Individuals

30-35(1)  


If you are a * registered tax agent, BAS agent or tax (financial) adviser and an individual, you must notify the Board in writing whenever:


(a) you cease to meet one of the * tax practitioner registration requirements; or


(b) an event affecting your continued registration, as described in section 20-45 , occurs; or


(c) there is a change in your address for service of notices or of any other circumstances relevant to your registration.

Partnerships

30-35(2)  


If you are a * registered tax agent, BAS agent or tax (financial) adviser and a partnership, you must notify the Board in writing whenever:


(a) you cease to meet one of the * tax practitioner registration requirements; or


(b) an event affecting your continued registration, as described in section 20-45 , occurs in respect of:


(i) a partner in the partnership; or

(ii) a director of a company that is a partner in the partnership; or


(c) the composition of the partnership changes; or


(d) there is a change in your address for service of notices or of any other circumstances relevant to your registration.

Companies

30-35(3)  


If you are a * registered tax agent, BAS agent or tax (financial) adviser and a company, you must notify the Board in writing whenever:


(a) you cease to meet one of the * tax practitioner registration requirements; or


(b) an event affecting your continued registration, as described in section 20-45 , occurs in respect of a director of the company; or


(c) an individual becomes, or ceases to be, a director of the company; or


(d) there is a change in your address for service of notices or of any other circumstances relevant to your registration.

When notice must be given

30-35(4)  
You must give the notice within 30 days of the day on which you become, or ought to have become, aware that the event occurred.

Note:

A breach of this subsection is a breach of section 8C of the Taxation Administration Act 1953 and of subsection 30-10(2) of this Act.




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