Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1684u
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1684U
Character Range: 6220388–6222500

1684U  Transitional—deemed registration of certain relevant providers
 (1) This section applies in relation to a person if:
 (a) the person is a relevant provider; and
 (b) immediately before 1 January 2022, either:
 (i) the person was a registered tax (financial) adviser; or
 (ii) an application under section 20‑20 of the old Tax Agent Services Act for the registration of the person as a registered tax (financial) adviser had not been finally determined; or
 (iii) an application under section 20‑50 of the old Tax Agent Services Act for the renewal of the person's registration as a registered tax (financial) adviser had not been finally determined; and
 (c) on or after 1 January 2022, either:
 (i) the person's registration as a registered tax (financial) adviser continues in force because of item 139 of Schedule 1 to the amending Act; or
 (ii) the person's registration, or renewed registration, as a registered tax (financial) adviser comes into force because of item 140 of Schedule 1 to the amending Act.
 (2) On and after the application day for the person, this Act applies in relation to the person as if:
 (a) the person were registered under subsection 921ZC(1), as inserted by Schedule 1 to the amending Act, because of an application in accordance with:
 (i) if the relevant provider is a financial services licensee—section 921ZA, as inserted by Schedule 1 to the amending Act; or
 (ii) if the relevant provider is not a financial services licensee—section 921ZB, as inserted by Schedule 1 to the amending Act; and
 (b) the person's registration under subsection 921ZC(1), as inserted by Schedule 1 to the amending Act, came into force on the application day for the person.
 (3) For the purposes of this section, the application day for a person is:
 (a) if the person's registration continues in force because of item 139 of Schedule 1 to the amending Act—1 January 2022; or
 (b) if the person's registration, or renewed registration, is in force because of item 140 of Schedule 1 to the amending Act—the day the registration, or renewed registration, comes into force under that item.