Document ID: chunk:federal_register_of_legislation:C2025C00107:body:0:p51
Version: federal_register_of_legislation:C2025C00107
Segment Type: other
Provision Reference: 
Character Range: 130625–133336

given by section 60‑25.
external administration: a person goes into external administration if the person becomes a Chapter 5 body corporate (within the meaning of the Corporations Act 2001).
Federal Court means the Federal Court of Australia.
Financial Services and Credit Panel has the same meaning as in the Australian Securities and Investments Commission Act 2001.
financial services licensee has the same meaning as in the Corporations Act 2001.
Guide has the meaning given by section 80‑5.
official information means information that:
 (a) was disclosed or obtained under or for the purposes of this Act; and
 (b) relates to the affairs of a person; and
 (c) identifies, or is reasonably capable of being used to identify, the person.
prescribed tax agent has the meaning given by section 60‑25.
qualified tax relevant provider has the same meaning as in the Corporations Act 2001.
registered BAS agent means an entity that is registered under this Act as a registered BAS agent.
Note: In most cases, an entity is taken not to be a registered BAS agent if the entity is suspended from providing BAS services under section 30‑25.
registered tax agent means an entity that is registered under this Act as a registered tax agent.
Note: In most cases, an entity is taken not to be a registered tax agent if the entity is suspended from providing tax agent services under section 30‑25.
registered tax agent or BAS agent means an entity that is registered under this Act as a registered tax agent or a registered BAS agent.
registered tax agents and BAS agents means entities that are registered under this Act as registered tax agents and entities that are registered under this Act as registered BAS agents.
relevant provider has the same meaning as in the Corporations Act 2001.
representative has the meaning given by paragraph (a) of the definition of that expression in section 9 of the Corporations Act 2001.
serious taxation offence means:
 (a) an offence against section 134.1, 134.2, 135.1, 135.2 or 135.4 of the Criminal Code, if the offence relates to a tax liability (within the meaning of the Taxation Administration Act 1953); or
 (b) a *taxation offence that is punishable on conviction by a fine exceeding 40 penalty units, or imprisonment, or both.
significant breach of the Code means a breach of the *Code of Professional Conduct by a *registered tax agent or BAS agent if the breach:
 (a) constitutes an indictable offence, or an offence involving dishonesty, under an *Australian law; or
 (b) results, or is likely to result, in material loss or damage to another entity (including the Commonwealth); or
 (c) is otherwise significant, including taking into account any one or more of the