Document ID: chunk:federal_register_of_legislation:C2023C00080:clause:1_15a
Version: federal_register_of_legislation:C2023C00080
Segment Type: clause
Provision Reference: sch 1 cl 15A
Character Range: 98634–99882

15A  Application by a liable entity
 (1) If a person is or was a liable entity for an eligible financial year (the current eligible financial year), the person must apply, in accordance with this section, to be registered under this Act.
Civil penalty:
 (a) for an individual—2,000 penalty units; or
 (b) otherwise—10,000 penalty units.
Note 1: Under Division 137 of the Criminal Code, it may be an offence to provide false or misleading information or documents to the Regulator in purported compliance with this Act.
Note 2: Under section 30, a person may be liable for an additional civil penalty for each day that the person fails to apply in accordance with subsection (1) of this section.
 (2) However, a person is not required to make an application under subsection (1) if the person is registered under this Act at the end of the current eligible financial year.
 (3) An application under subsection (1) must be made by 31 August in the eligible financial year next following the current eligible financial year.
 (4) An application under subsection (1) must:
 (a) be made to the Regulator; and
 (b) be in a form approved by the Regulator; and
 (c) set out the information specified by the regulations for the purposes of this paragraph.