Document ID: chunk:federal_register_of_legislation:C2025C00133:section:55a
Version: federal_register_of_legislation:C2025C00133
Segment Type: section
Provision Reference: s 55A
Character Range: 117568–118557

55A  Former reporting nominees

Former reporting nominees
 (1) The requirement for a reporting nominee to give the Regulator a payment times report under section 12 for a reporting period continues to apply to the reporting nominee if:
 (a) the reporting nominee has not given the Regulator a payment times report for the reporting period under that section; and
 (b) the reporting nominee ceases to be a reporting nominee at any time after the end of the reporting period.

Other rights and obligations
 (2) The following provisions continue to apply to a reporting nominee that has ceased to be a reporting nominee as if it were still a reporting nominee:
 (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).