Document ID: chunk:federal_register_of_legislation:C2013A00120:clause:1_50
Version: federal_register_of_legislation:C2013A00120
Segment Type: clause
Provision Reference: sch 1 cl 50
Character Range: 19621–20746

50  Registering as a registered tax (financial) adviser during the transitional period
If:
 (a) an entity is a financial services licensee or a representative of a financial services licensee (other than an entity taken to be a registered tax (financial) adviser under item 49 of this Schedule); and
 (b) the entity applies for registration as a registered tax (financial) adviser under section 20‑20 of the new law during the transitional period; and
 (c) 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 tax (financial) adviser); or
 (ii) subparagraph 20‑5(2)(c)(iii) or (3)(d)(iii) of the new law; and
 (d) the Board is satisfied that the entity has sufficient experience to be able to provide tax (financial) advice services to a competent standard;
then, despite paragraph 20‑5(1)(b), (2)(c) or (3)(d) of the new law, the entity is eligible for registration.