Document ID: chunk:federal_register_of_legislation:C2009A00114:clause:2_3
Version: federal_register_of_legislation:C2009A00114
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 13311–14592

3  Special rule relating to the registration of nominees of tax agents
If a person was, immediately before commencement, registered as a nominee of a tax agent under the old law, the person is taken to be a registered tax agent within the meaning of the new law for the period:
 (a) beginning on the day on which this Schedule commences; and
 (b) ending on the day on which:
 (i) the person's registration as a nominee would have ceased under paragraph 251KD(2)(g) of the old law but for its repeal by Schedule 1 to this Act because the registration of the tax agent ceases to be in force under the old law by virtue of subparagraph 2(1)(b)(i) of this Schedule; or
 (ii) if item 17 of this Schedule applies and the Board decides to cancel the person's registration—the person's registration is cancelled under the old law despite its repeal by Schedule 1 to this Act; or
 (iii) the person's registration as a registered tax agent is terminated under Subdivision 30‑B or 40‑A of the new law;
  whichever occurs first.
Note 1: A registered tax agent within the meaning of the new law is registered under section 20‑25 of the new law.
Note 2: Subparagraph (b)(i)—the registration of the tax agent (of whom the person is the nominee) will continue because of item 2 of this Schedule.