S 251KK repealed by No 114 of 2009, s 3 and Sch 1 item 7, effective 1 March 2010. S 251KK formerly read:
SECTION 251KK TAX AGENTS THAT ARE COMPANIES
251KK(1)
A company that is registered as a tax agent shall forthwith notify the Board by which it was registered if:
(a)
the company goes into liquidation;
(b)
any person who is a nominee of the company for the purposes of this Part ceases to be employed by the company;
(c)
a person becomes an executive officer of the company; or
(d)
the company permanently ceases to carry on business as a tax agent.
251KK(2)
A registered tax agent that is a non-exempt company shall forthwith notify the Board if it has reasonable grounds to believe that the company has ceased to be a company in which qualified directors have a substantial interest.
Penalty: 5 penalty units.
History
S 251KK(2) amended by
No 143 of 2007
, s 3 and Sch 7 item 104, by substituting
"
5 penalty units
"
for
"
$500
"
in the penalty, effective 24 September 2007.
251KK(3)
An offence under this section is an offence of strict liability.
Note:
For
strict liability
, see section
6.1
of the
Criminal Code
.
History
S 251KK(3) inserted by No 146 of 2001.
S 251KK inserted by No 78 of 1988.
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