DUTIES ACT 2001 - SECT 470
Suspension or cancellation of registration—ceasing to carry on business
DUTIES ACT 2001 - SECT 470
Suspension or cancellation of registration—ceasing to carry on business
470 Suspension or cancellation of registration—ceasing to carry on business
(1) This section applies if a self assessor registered under part 1 or 3
permanently ceases to carry on, in Queensland, the business for which the self
assessor is registered.
(2) Also, this section applies if a self assessor
registered under part 3 temporarily ceases to carry on, in Queensland, the
business for which the self assessor is registered.
(3) Within 14 days after
the ceasing to carry on the business, the self assessor must give notice of
the ceasing to the commissioner.
(4) If the self assessor is a self assessor
mentioned in subsection (2) , the notice given under subsection (3) must state
the period (the
"temporary cessation period" ) for which the self assessor will temporarily
cease to carry on the business.
(5) On receiving the notice, the commissioner
must give notice to the self assessor stating—
(a) for a self assessor
registered under part 1 —the self assessor’s registration to carry on the
business and as self assessor is cancelled effective from the day stated in
the notice; or
(b) for a self assessor registered under part 3 —
(i) if the
self assessor permanently ceases to carry on the business—the self
assessor’s registration is cancelled effective from the day stated in the
notice; or
(ii) if the self assessor temporarily ceases to carry on the
business—the self assessor’s registration is suspended for the period
stated in the notice.
(6) For subsection (5) (b) (ii) , the period stated in
the notice must not be longer than the temporary cessation period.
