Document ID: chunk:federal_register_of_legislation:C2025A00009:clause:2_1:p9
Version: federal_register_of_legislation:C2025A00009
Segment Type: clause
Provision Reference: sch 2 cl 1 (pt 9/17)
Character Range: 73212–75972

Secretary for a variation of the registration; and
 (b) the application is in a form approved under subsection 419‑150(1); and
 (c) the company has paid the application fee (if any) prescribed by the regulations.

Variations on the Industry Secretary's own initiative
 (2) The *Industry Secretary may, on the Industry Secretary's own initiative, vary the registration of a *registered CMPTI processing activity of a company.

Matters relevant to such a decision
 (3) In deciding under subsection (1) or (2) whether to vary the registration of an activity, the *Industry Secretary:
 (a) in the case of an application under subsection (1)—must consider if there is any reason to believe that the information provided by the company is not true, correct and complete; and
 (b) in every case:
 (i) must have regard to any proposed changes relating to the activity; and
 (ii) must have regard to the matters prescribed by the regulations; and
 (iii) may have regard to any other matter that the Industry Secretary considers relevant.

Notice of such a decision
 (4) The *Industry Secretary must give written notice of a decision under subsection (1) or (2) to:
 (a) the company to whom the certificate of registration was issued; and
 (b) the Commissioner.
 (5) If the decision is to vary the registration, the notice must include the varied certificate of registration.

419‑65  Automatic suspension of a registration for failing to give an annual report or requested further information
 (1) The registration of a *registered CMPTI processing activity of a company is suspended if (and while) the company fails to:
 (a) give a report under section 419‑45 during an income year about the activity; or
 (b) comply with a request, given under subsection 419‑80(2) during an income year, for further information about the registration.
Note 1: The registration may be automatically revoked if the report or requested information is not given before the end of an extended period (see subsections 419‑70(1) to (3)).
Note 2: Suspending the registration will not suspend the maximum 10‑year period that the registration of the activity can be in force (see section 419‑50).
 (2) For the purposes of this Division (other than this section), the activity is taken:
 (a) during the period of the suspension, never to have been registered for the company and the income year mentioned in paragraph (1)(a) or (b); but
 (b) if that period ends, to have been registered during that period for the company and the income year.
Paragraph (b) of this subsection is subject to the registration being revoked under section 419‑70.
Note: This means that if an assessment of a company's income tax for the income year is made on the basis that the company is entitled to the CMPTI tax