S 251KD repealed by No 114 of 2009, s 3 and Sch 1 item 7, effective 1 March 2010. S 251KD formerly read:
SECTION 251KD DURATION OF REGISTRATION OF NOMINEES
251KD(1)
The registration of a nominee granted by a Board comes into force, or shall be deemed to have come into force, as the case requires:
(a)
if the registration was granted by way of the re-registration of an existing registration
-
immediately after the existing registration ceases or ceased to be in force;
(b)
if the registration was granted under section
251KA
-
at the time when the registration of the tax agent concerned came or comes into force; or
(c)
in any other case
-
on the day on which it was granted.
251KD(2)
A person ceases to be a registered nominee of a tax agent if:
(a)
in a case where the tax agent is a natural person
-
the nominee ceases to be an employee of the tax agent;
(b)
in a case where the tax agent is a partnership
-
there comes a time when the nominee is neither a member of the partnership nor an employee of the partnership;
(c)
in a case where the tax agent is a company
-
the nominee ceases to be an employee of the company;
(d)
the tax agent notifies the Board by which it was registered that the tax agent no longer desires that person to be its nominee;
(e)
the registration of the nominee is cancelled;
(f)
the nominee dies; or
(g)
the registration of the tax agent is terminated, cancelled, surrendered or otherwise ceases to be in force.
S 251KD inserted by No 78 of 1988.
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