45‑15 Obligation to give notice if you b45‑15 Obligation to give notice if you become a disqualified entity

#### 45‑15 Obligation to give notice if you become a disqualified entity (1) If you become a \*disqualified entity and: (a) you are providing \*tax agent services on behalf of a \*registered tax agent or BAS agent; or (b) there is an \*arrangement in force between you and 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. (2) You must notify the registered tax agent or BAS agent within 30 days of the day on which you become, or ought to have become, aware, that you are a disqualified entity. Civil penalty (3) You contravene this subsection if you fail to give a notice in accordance with this section. 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.