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Tax Administration Act 1994

Third-party providers - Approved AIM providers

124Z: Revocation of approval of AIM providers: Commissioner

You could also call this:

"When the Commissioner can stop an AIM provider from being approved"

Illustration for Tax Administration Act 1994

The Commissioner can revoke their approval of an AIM provider if something in their statutory declaration is not true, or if revoking the approval will help keep the tax system honest. You will know when this happens because the Commissioner must tell the approved AIM provider before revoking their approval. The revocation does not take effect until the next tax year. The Commissioner can reverse the revocation if the approved AIM provider fixes the problem and there are no other reasons to revoke the approval. You can find more information about how an AIM provider is approved in section 124Y. The Commissioner must talk to the approved AIM provider before revoking their approval. The revocation will take effect in the next tax year after the Commissioner tells the approved AIM provider. The Commissioner can change their decision if the approved AIM provider sorts out the issue. You can find out more about the tax system and how it works.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS38107.

Topics:
Money and consumer rights > Taxes
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124Y: Approval of approved AIM providers, or

"Who can be approved to help with tax accounting systems?"

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124ZB: Revocation of approval of AIM providers: provider, or

"When the Commissioner stops approving an AIM provider at their request"

Part 7BThird-party providers
Approved AIM providers

124ZRevocation of approval of AIM providers: Commissioner

  1. The Commissioner’s approval of a person as an approved AIM provider under section 124Y is revoked if—

  2. anything in their statutory declaration under section 124Y is not true, or does not continue to be true after it is made; or
    1. revoking the approval positively affects the integrity of the tax system.

      1. A revocation under subsection (1) does not take effect until the tax year after the tax year in which the Commissioner has notified the approved AIM provider of the revocation.

      2. The Commissioner must consult the approved AIM provider before the approval is revoked.

      3. The Commissioner may reverse a revocation before it takes effect, if the circumstances that gave rise to the revocation have been remedied by the approved AIM provider and there are no other circumstances requiring revocation under subsection (1).

      Notes
      • Section 124Z: inserted, as section 15V, on (applying for the 2018–19 and later income years), by section 50(1) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).
      • Section 124Z: renumbered, on , by section 9(2) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
      • Section 124Z(1): amended, on , by section 113 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
      • Section 124Z(1)(a): amended, on , by section 113 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).