Income Tax Assessment Act 1936

FORMER PART VIIA - REGISTRATION OF TAX AGENTS

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Former Division 6 - Notification obligations of tax agents etc.

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FORMER SECTION 251KK 251KK TAX AGENTS THAT ARE COMPANIES
(Repealed by No 114 of 2009)

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History

S 251KK repealed by No 114 of 2009, s 3 and Sch 1 item 7, effective 1 March 2010. S 251KK formerly read:

SECTION 251KK TAX AGENTS THAT ARE COMPANIES
251KK(1)
A company that is registered as a tax agent shall forthwith notify the Board by which it was registered if:

(a) the company goes into liquidation;

(b) any person who is a nominee of the company for the purposes of this Part ceases to be employed by the company;

(c) a person becomes an executive officer of the company; or

(d) the company permanently ceases to carry on business as a tax agent.
251KK(2)
A registered tax agent that is a non-exempt company shall forthwith notify the Board if it has reasonable grounds to believe that the company has ceased to be a company in which qualified directors have a substantial interest.
Penalty: 5 penalty units.

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History

S 251KK(2) amended by No 143 of 2007 , s 3 and Sch 7 item 104, by substituting " 5 penalty units " for " $500 " in the penalty, effective 24 September 2007.

251KK(3)
An offence under this section is an offence of strict liability.
Note:

For strict liability , see section 6.1 of the Criminal Code .

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History

S 251KK(3) inserted by No 146 of 2001.

S 251KK inserted by No 78 of 1988.

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