Pt 2-15 (heading) substituted by No 66 of 2003.
Pt 2-15 inserted by No 121 of 1997.
Div 50 inserted by No 121 of 1997.
Subdiv 50-B inserted by No 179 of 1999.
S 50-155 repealed by No 95 of 2004, s 3 and Sch 10 item 39, effective 1 July 2005. For transitional provision, see note in s 30-130. S 50-155 formerly read:
50-155(1) The Commissioner may revoke the endorsement of an entity as exempt from income tax if:
(a) the entity is not entitled to be endorsed as exempt from income tax; or
(b) the Commissioner has requested the entity under section 50-140 to provide information or a document that is relevant to its entitlement to endorsement and the entity has not provided the requested information or document within the time specified in the request.
Note: Section 50-110 sets out the conditions for an entity to be entitled to be endorsed.
50-155(2) The revocation has effect from a day specified by the Commissioner (which may be a day before the Commissioner decided to revoke the endorsement).
50-155(3) However, if the Commissioner revokes the endorsement because the entity is not entitled to it, the Commissioner must not specify a day before the day on which the entity first ceased to be entitled.
50-155(4) The Commissioner must give the entity written notice if the Commissioner revokes its endorsement.
50-155(5) The Commissioner may give the notice by way of electronic transmission. This does not limit the ways in which the Commissioner may give the notice.
S 50-155 inserted by No 179 of 1999.