Commonwealth Numbered Regulations

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) REGULATIONS 2019 (F2019L00417) - REG 33.15.08

             (1)  The Commissioner may, in writing, revoke an entity's approval if the Commissioner is satisfied that:

                     (a)  the entity has failed to meet a requirement in section 33-15.01A or 33-15.01B; or

                     (b)  the entity no longer meets the requirements for approval in section 33-15.03; or

                     (c)  the bank guarantee (if any) provided by the entity under section 33-15.04 has lapsed; or

                     (d)  the entity is liable to pay general interest charge on an amount; or

                     (e)  the entity is being prosecuted for, or has been convicted of, an offence under Part III of the Taxation Administration Act 1953 .

             (2)  The revocation takes effect on the day specified in the revocation.

             (3)  If the Commissioner revokes an entity's approval, the Commissioner must give the entity written notice of the revocation.

             (4)  The notice must:

                     (a)  state the reasons for the revocation; and

                     (b)  state that the entity has a right under section 33-15.09 to object against the decision.