Document ID: chunk:federal_register_of_legislation:F2021L01392:clause:7_3
Version: federal_register_of_legislation:F2021L01392
Segment Type: clause
Provision Reference: sch 7 cl 3
Character Range: 106455–107002

3  Voluntary compliance with new Part 4A
 (1) If a data holder is not required to comply with the new Part 4A because of the operation of clause 6.6 of Schedule 3 of the principal rules (Staged application of rules)., it may nevertheless elect, from a particular day, to comply with the new Part 4A in relation to one or more accounts.
 (2) If a data holder makes an election under this item, it is thereafter required to comply with the new Part 4A in relation to those accounts, despite anything in Part 6 of Schedule 3 of the principal rules.