Document ID: chunk:federal_register_of_legislation:C2009A00114:clause:2_14
Version: federal_register_of_legislation:C2009A00114
Segment Type: clause
Provision Reference: sch 2 cl 14
Character Range: 31478–32791

14  Special rule for applications for registration as a registered BAS agent
(1) If:
 (a) an entity applies for registration as a registered BAS agent under section 20‑20 of the new law before the end of the 3 year period beginning immediately after commencement; and
 (b) the entity would be eligible for registration but for the operation of:
 (i) paragraph 20‑5(1)(b) of the new law (which requires the Board to be satisfied of requirements prescribed by regulations, including requirements in relation to qualifications and experience in respect of registration as a registered BAS agent); or
 (ii) paragraph 20‑5(2)(c) or (3)(d); and
 (c) the Board is satisfied that the entity had been providing BAS services to a competent standard for a reasonable period before making the application;
then, despite paragraph 20‑5(1)(b), (2)(c) or (3)(d) of the new law, the entity is eligible for registration.
(2) If:
 (a) an entity is or has been taken to be a registered BAS agent under item 5 of this Schedule; and
 (b) the entity is eligible for registration under subitem (1) of this item;
then, despite subsection 20‑25(4) of the new law, the period that the Board may determine under that subsection must be at least 12 months.

Part 4—References to, and things done by, or in relation to, a Tax Agents' Board