Document ID: chunk:federal_register_of_legislation:F2023C00564:reg:3:p3
Version: federal_register_of_legislation:F2023C00564
Segment Type: reg
Provision Reference: reg 3 (pt 3/4)
Character Range: 15636–18387

to the payment of deferred payments of assessed GST on taxable importations.
 (2) The guarantee must provide that, if an amount of assessed GST on taxable importations is not paid to the Commissioner on or before the day mentioned in subsection 33‑15.01B(1), the bank will pay to the Commissioner the lesser of:
 (a) the overdue amount; and
 (b) the guarantee amount worked out under subsection (3) of this section.
 (3) The guarantee amount is 1.5 times the highest monthly amount of assessed GST on taxable importations that was payable by the entity:
 (a) in the 12 months before the application mentioned in paragraph (1)(a) was made; or
 (b) if no monthly amounts of assessed GST on taxable importations were payable in that 12 months—in the 12 months before the previous approval was revoked.

33‑15.05  Decision on application—notice and date of effect
 (1) If the Commissioner approves an entity's application, the Commissioner must give the entity written notice of the approval.
 (2) The approval takes effect on the day specified in the approval.
 (3) If the Commissioner refuses an entity's application, the Commissioner must give the entity written notice of the refusal.
 (4) The notice must:
 (a) state the reasons for the refusal; and
 (b) state that the entity has a right under section 33‑15.09 to object against the decision.

33‑15.08  Revocation of approval
 (1) The Commissioner may, in writing, revoke an entity's approval if the Commissioner is satisfied that:
 (a) the entity has failed to meet a requirement in section 33‑15.01A or 33‑15.01B; or
 (b) the entity no longer meets the requirements for approval in section 33‑15.03; or
 (c) the bank guarantee (if any) provided by the entity under section 33‑15.04 has lapsed; or
 (d) the entity is liable to pay general interest charge on an amount; or
 (e) the entity is being prosecuted for, or has been convicted of, an offence under Part III of the Taxation Administration Act 1953.
 (2) The revocation takes effect on the day specified in the revocation.
 (3) If the Commissioner revokes an entity's approval, the Commissioner must give the entity written notice of the revocation.
 (4) The notice must:
 (a) state the reasons for the revocation; and
 (b) state that the entity has a right under section 33‑15.09 to object against the decision.

33‑15.09  Review of decisions
  An entity that is dissatisfied with a decision of the Commissioner to:
 (a) refuse an application by the entity under section 33‑15.03; or
 (b) require the entity to provide a bank guarantee under section 33‑15.04; or
 (c) revoke an approval of the entity under section 33‑15.08;
may object against the decision in the manner set out in Part IVC of the Taxation Administration Act 1953.

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