Income Tax Assessment Act 1997

Telling Commissioner of loss of entitlement to endorsement  
30-160(1)
Before, or as soon as practicable after, an entity that is endorsed ceases to be entitled to be endorsed, the entity must give the Commissioner written notice of the cessation.

Note 1: Section 30-125 sets out when an entity is entitled to be endorsed.

Note 2: This Act is a taxation law for the purposes of the Taxation Administration Act 1953 . Failure to comply with this subsection is an offence against section 8C of that Act.

Note 3: Section 30-165 modifies the way this subsection operates in relation to partnerships and unincorporated bodies.

30-160(2)
The notice:

(a) may be ^* lodged electronically; and

(b) must be signed for the entity, or include the entity's ^* electronic signature if the document is lodged electronically.

30-160(3)
Subsection (1) does not apply to an entitlement to endorsement ceasing because the entity ceases to have an ^* ABN.