A New Tax System (Goods and Services Tax) Regulations 2019
The Commissioner may, in writing, revoke an entity ' s approval if the Commissioner is satisfied that:
(a) the entity has failed to meet a requirement in section 33-15.01A or 33-15.01B ; or
(b) the entity no longer meets the requirements for approval in section 33-15.03 ; or
(c) the bank guarantee (if any) provided by the entity under section 33-15.04 has lapsed; or
(d) the entity is liable to pay general interest charge on an amount; or
(e) the entity is being prosecuted for, or has been convicted of, an offence under Part III of the Taxation Administration Act 1953 .
(2)
The revocation takes effect on the day specified in the revocation.
(3)
If the Commissioner revokes an entity ' s approval, the Commissioner must give the entity written notice of the revocation.
(4)
The notice must:
(a) state the reasons for the revocation; and
(b) state that the entity has a right under section 33-15.09 to object against the decision.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
