Document ID: chunk:federal_register_of_legislation:C2025C00107:body:0:p27
Version: federal_register_of_legislation:C2025C00107
Segment Type: other
Provision Reference: 
Character Range: 70697–73440

(e) if the tax (financial) advice service would be provided as a legal service—you are prohibited, under a *State law or *Territory law that regulates legal practice and the provision of legal services, from providing that tax (financial) advice service.
Civil penalty:
 (a) for an individual—50 penalty units; and
 (b) for a body corporate—250 penalty units.
Note: Subdivision 50‑C of this Act and Subdivision 298‑B in Schedule 1 to the Taxation Administration Act 1953 determine the procedure for obtaining a civil penalty order against you.

Subdivision 50‑B—Other civil penalties

Table of sections
50‑20 Making false or misleading statements
50‑25 Employing or using the services of deregistered entities
50‑30 Signing of declarations etc.

50‑20  Making false or misleading statements
  You contravene this section if:
 (a) you are a *registered tax agent or BAS agent; and
 (b) you:
 (i) make a statement to the Commissioner; or
 (ii) prepare a statement that you know, or ought reasonably to know, is likely to be made to the Commissioner by an entity; or
 (iii) permit or direct an entity to do a thing mentioned in subparagraph (i) or (ii); and
 (c) you know, or are reckless as to whether, the statement:
 (i) is false, incorrect or misleading in a material particular; or
 (ii) omits any matter or thing without which the statement is misleading in a material respect.
Civil penalty:
 (a) for an individual—250 penalty units; and
 (b) for a body corporate—1,250 penalty units.
Note 1: Subdivision 50‑C of this Act and Subdivision 298‑B of Schedule 1 to the Taxation Administration Act 1953 determine the procedure for obtaining a civil penalty order against you.
Note 2: In some circumstances, it is an offence to recklessly make a false or misleading statement under sections 8K and 8N of the Taxation Administration Act 1953.

50‑25  Employing or using the services of deregistered entities
 (1) You contravene this subsection if:
 (a) you are a *registered tax agent or BAS agent; and
 (b) you employ or use the services of an entity to provide *tax agent services on your behalf; and
 (c) you know, or ought reasonably to know, that:
 (i) the entity is not a registered tax agent or BAS agent but was previously a registered tax agent or BAS agent; and
 (ii) the entity's registration was terminated within the period of 1 year before you first employed, or first used the services of, the entity.
Civil penalty:
 (a) for an individual—250 penalty units; and
 (b) for a body corporate—1,250 penalty units.
Note: Subdivision 50‑C of this Act and Subdivision 298‑B of Schedule 1 to the Taxation Administration Act 1953 determine the procedure for obtaining a civil penalty order against you.
 (2) Subsection (1) does not apply if