45‑10 Obligation to give notice if you a45‑10 Obligation to give notice if you are a disqualified entity

45‑10 Obligation to give notice if you are a disqualified entity

(1) If: (a) you are a *disqualified entity; and (b) you are seeking to provide *tax agent services on behalf of a *registered tax agent or BAS agent; you must notify the registered tax agent or BAS agent, in writing, that you are a disqualified entity before the registered tax agent or BAS agent: (c) enters into a contract to employ you, or use your services, to provide tax agent services on the registered tax agent or BAS agent’s behalf; or (d) renews such a contract; or (e) agrees to extend such a contract. (2) If: (a) you are a *disqualified entity; and (b) you are seeking to enter into an *arrangement with a *registered tax agent or BAS agent in connection with the provision of tax agent services by the registered tax agent or BAS agent; you must notify the registered tax agent or BAS agent, in writing, that you are a disqualified entity before the registered tax agent or BAS agent: (c) enters into an arrangement with you in connection with the provision of tax agent services by the registered tax agent or BAS agent; or (d) renews such an arrangement; or (e) agrees to extend such an arrangement. Civil penalty (3) You contravene this subsection if you fail to give a notice in accordance with subsection (1) or (2).

Civil penalty:

(a) for an individual—250 penalty units; and
(b) for a body corporate—1,250 penalty units.

Note: Subdivision 50‑C of this Act and Subdivision 298‑B in Schedule 1 to the Taxation Administration Act 1953 determine the procedure for obtaining a civil penalty order against you.