27NRevoking registrations

#### 27N Revoking registrations (1) The Board may, by notice in writing given to an entity, revoke the entity’s registration under section 27A for an income year if the Board is satisfied that the entity was not an R&D entity at any time when an activity covered by the registration was conducted during the income year. > Note: A decision to revoke under this subsection is reviewable (see Division 5). (2) The Board may, by notice in writing given to an R&D entity, revoke the entity’s registration under section 27A for an income year if the entity requests the Board to do so. (3) A request for a revocation under subsection (2) must be: (a) in the approved form; and (b) accompanied by the fee (if any) specified in regulations made under section 48A for the purposes of this section. > Note: Section 32 deals with approved forms. (4) For the purposes of this Act and the Income Tax Assessment Act 1997, the effect of a revocation under this section is that the entity is taken never to have been registered under section 27A for the income year. > Note: This subsection will cease to apply if a revocation under subsection (1) is set aside on review (see Division 5). (5) The Board must notify the Commissioner of a revocation under this section.