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TAX AGENT SERVICES ACT 2009 - SECT 60.125

Outcomes of investigations

Investigation relating to application for registration

             (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

             (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.

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

Period within which a decision must be made

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

                     (a)  within 6 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.

             (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).

             (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).

             (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

             (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

             (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

                     (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.

             (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.

Table of sections

60-130      Annual report

60-135      Register

60-140      Publication of information



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