Document ID: chunk:federal_register_of_legislation:C2025C00133:section:55
Version: federal_register_of_legislation:C2025C00133
Segment Type: section
Provision Reference: s 55
Character Range: 116511–117568

55  Former reporting entities

Obligation to report
 (1) The requirement for a reporting entity to give the Regulator a payment times report for a reporting period for the entity under section 12 continues to apply to the entity if:
 (a) the entity has not given the Regulator a payment times report for the reporting period under that section; and
 (b) the entity ceases to be a reporting entity at any time after the end of the reporting period.
 (1A) Subsection (1) does not apply if the entity was a volunteering entity during the reporting period.

Other rights and obligations
 (2) The following provisions continue to apply to an entity that has ceased to be a reporting entity, as if it were still a reporting entity:
 (a) section 15 (civil penalty provision for failure to report);
 (b) section 16 (false or misleading reports);
 (c) Division 3 of Part 2 (access to payment times reports);
 (d) Division 2 of Part 4 (obligations of reporting entities and reporting nominees);
 (e) Division 2 of this Part (treatment of certain kinds of entities).