Telling Commissioner of loss of entitlement to endorsement
426-45 Telling Commissioner of loss of entitlement to endorsement
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.
Failure to comply with this subsection is an offence against section 8C.
Section 426‑50 modifies the way this subsection operates in relation to partnerships and unincorporated bodies.
The notice:
may be *lodged electronically; and
must be signed for the entity, or include the entity’s *electronic signature if the document is lodged electronically.
Subsection (1) does not apply to an entitlement to endorsement ceasing because the entity ceases to have an *ABN.
This Act’s bill:Second reading speech
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