Tax Agent Services Act 2009

PART 6 - THE TAX PRACTITIONERS BOARD  

Division 60 - The Tax Practitioners Board  

Subdivision 60-E - Investigations  

SECTION 60-125   Outcomes of investigations  
Investigation relating to application for registration

60-125(1)    
After completing an investigation in relation to an application for registration under section 20-20 , the Board must make a decision in accordance with section 20-25 .

Investigation relating to whether conduct breaches this Act

60-125(2)    
If the Board investigates conduct under section 60-95 and finds that the conduct breaches this Act, the Board must either:

(a)    make a decision that no further action will be taken; or

(b)    

do one or more of the following:

(i) impose one or more sanctions under Subdivision 30-B ;

(ii) terminate an entity ' s registration under Subdivision 40-A ;

(iii) apply to the * Federal Court for an order for payment of a pecuniary penalty under Subdivision 50-C ;

(iv) apply to the Federal Court for an injunction under section 70-5 ;

(v) decide that the entity (the contravening entity ) that engaged in the conduct, and the information in respect of the contravening entity prescribed by the regulations for the purposes of this subparagraph, be entered on the register for the period prescribed by the regulations for the purposes of this subparagraph.
Note 1:

The Board may terminate an entity ' s registration under Subdivision 40-A without investigating conduct under section 60-95 .

Note 2:

In this section, register means the register kept under section 60-135 (see subsection (10) of this section).


60-125(2A)    


If the Board makes a decision in relation to the contravening entity under subparagraph (2)(b)(v) , then the contravening entity, and the information in respect of the contravening entity mentioned in that subparagraph, must be entered on the register for the period mentioned in that subparagraph.

Period within which a decision must be made

60-125(3)    
The Board must make a decision under subsection (2) :

(a)    

within 24 months after the day on which the investigation is taken to have commenced under subsection 60-95(3) ; or

(b)    if a longer period is determined by the Board under subsection (4) - within that period.


60-125(4)    
If the Board is satisfied that, for reasons beyond the control of the Board, a decision under subsection (2) cannot be made within the period mentioned in paragraph (3)(a) , the Board may determine a longer period within which the Board must make a decision under subsection (2) .

60-125(5)    
If the Board determines a longer period, the Board must do so not later than 2 weeks before the expiry of the period mentioned in paragraph (3)(a) .

60-125(6)    
The reasons mentioned in subsection (4) include, but are not limited to, the following:

(a)    undue delay that has been caused by an entity other than the Board and that has affected the conduct of the investigation to which the decision relates;

(b)    the complexity of the investigation.

Decision not made

60-125(7)    
If:

(a)    a decision is not made within the period mentioned in paragraph (3)(a) and the Board does not determine a longer period; or

(b)    the Board determines a longer period but does not make a decision within that period;

the Board is taken to have decided to take no further action in relation to the matter that was the subject of investigation.



Notification of decisions

60-125(8)    
If:

(a)    the Board makes a decision under subsection (2) ; or

(b)    the Board investigates conduct under section 60-95 and finds that the conduct does not breach this Act;

the Board must, within 30 days of making the decision or finding:

(c)    

notify the following persons, in writing, of the decision or finding:

(i) the entity affected by the decision or finding;

(ii) the complainant (if any);

(iia) any professional association accredited by the Board under the regulations of which the entity is a member;

(iii) if the decision or finding is relevant to the administration of the * taxation laws (other than this Act) - the Commissioner;

(iv) if the decision or finding concerns a *registered tax agent in relation to providing a *tax (financial) advice service - *ASIC; and

(v) (Repealed by No 115 of 2021)

(d)    

give, in writing, the reasons for the decision to:

(i) the entity affected by the decision; and

(ia) if subparagraph (c)(iia) applies - the relevant professional association; and

(ii) if subparagraph (c)(iii) applies - the Commissioner; and

(iii) if subparagraph (c)(iv) applies - *ASIC.

(iv) (Repealed by No 115 of 2021)

60-125(9)    
If the Board determines a longer period under subsection (4) , the Board must, within 30 days of making the determination:

(a)    notify the entity affected by the determination, in writing, of the determination; and

(b)    give, in writing, the reasons for the determination.

Definitions

60-125(10)    


In this section, register means the register kept under section 60-135 .

 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.