Cancellation of registration of commercial hire business
142 Cancellation of registration of commercial hire business
A registered commercial hire business that ceases to hire out goods as a business must—
give written notice of that fact to the Commissioner; and
lodge the return required to be lodged under this Part; and
pay the duty payable in connection with the return on or before the 21st day of the month after which the notice is given.
- 100 penalty units.
Note to s. 142(1) inserted by No. 13/2013 s. 56(3).
Note
Section 130A of the Taxation Administration Act 1997 applies to an offence against this subsection.
S. 142(1A) inserted by No. 36/2005 s. 17(2).
A registered commercial hire business is not required—
to comply with subsection (1)(a) if the business ceases to hire out goods as a business on or after 1 January 2007; or
to comply with subsection (1)(b) or (c) in respect of any hiring charges received on or after that day.
The Commissioner is to cancel the registration of a commercial hire business on receipt of a notice under subsection (1).
The Commissioner may cancel a commercial hire business's registration under this Part if the Commissioner has reason to believe that registration is no longer required by the commercial hire business. The registration must not be cancelled until at least 30 days after written notice of intention to cancel the registration has been given by the Commissioner to the commercial hire business.
A cancellation of registration has effect from the day specified for the purpose by the Commissioner in a written notice of cancellation given to the commercial hire business.
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