Document ID: chunk:federal_register_of_legislation:C2025C00107:body:0:p18
Version: federal_register_of_legislation:C2025C00107
Segment Type: other
Provision Reference: 
Character Range: 48493–51299

to terminate your registration.
 (3) If an event affecting your continued registration, as described in section 20‑45, occurs in respect of a director of your company, then the Board may, by notice in writing, require you to remove the director from the board of directors within the period specified in the notice. In determining the period, the Board must have regard to any requirement of the Corporations Act 2001 in relation to the removal of directors.
Note: A failure to comply with a notice given under this subsection is a breach of subsection 30‑10(14).

Subdivision 40‑B—Notice and effect of termination

Table of sections
40‑20 Notification of decision to terminate registration and when termination takes effect
40‑25 Period during which you may not apply for registration

40‑20  Notification of decision to terminate registration and when termination takes effect
 (1) If the Board terminates your registration, the Board must, within 30 days of the decision to terminate your registration, notify you in writing of:
 (a) the decision and the reasons for the decision; and
 (b) any determination under section 40‑25 of a period during which you are not eligible to apply for registration.
However, a failure to notify does not affect the validity of the Board's decision.
Note 1: The Board may terminate your registration under Subdivision 30‑B or 40‑A.
Note 2: The Board must cause notice of its decision to be published by notifiable instrument: see section 60‑140.
 (2) The termination takes effect on the day specified in the notice given under subsection (1). The day specified in the notice must be at least 28 days after the date of the notice.
 (3) The Board must also notify the Commissioner of the Board's decision and the reasons for the decision.

40‑25  Period during which you may not apply for registration
 (1) If the Board terminates your registration, the Board may also determine a period, of not more than 5 years, during which you may not apply for registration.
 (2) Subsection (1) does not apply if your registration was terminated because:
 (a) you surrendered your registration; or
 (b) you became an undischarged bankrupt; or
 (c) you went into external administration.

Part 4A—Disqualified entities

Division 45—Disqualified entities

Guide to this Division

45‑1  What this Division is about

      A registered tax agent or BAS agent must be approved to employ, or use the services of, a disqualified entity to provide tax agent services on the registered tax agent or BAS agent's behalf (see subsection 30‑10(15) and section 50‑25). Approval is sought by application to the Board.
      An entity is a disqualified entity if, among other things, the entity is subject to sanctions under this Act or has been convicted of certain offences.
      A disqualified