Income Tax Assessment Act 1997

Revoking endorsement  
50-155(1)
The Commissioner may revoke the endorsement of an entity as exempt from income tax if:

(a) the entity is not entitled to be endorsed as exempt from income tax; or

(b) the Commissioner has requested the entity under section 50-140 to provide information or a document that is relevant to its entitlement to endorsement and the entity has not provided the requested information or document within the time specified in the request.

Note: Section 50-110 sets out the conditions for an entity to be entitled to be endorsed.

50-155(2)
The revocation has effect from a day specified by the Commissioner (which may be a day before the Commissioner decided to revoke the endorsement).

50-155(3)
However, if the Commissioner revokes the endorsement because the entity is not entitled to it, the Commissioner must not specify a day before the day on which the entity first ceased to be entitled.

50-155(4)
The Commissioner must give the entity written notice if the Commissioner revokes its endorsement.

50-155(5)
The Commissioner may give the notice by way of electronic transmission. This does not limit the ways in which the Commissioner may give the notice.