Document ID: chunk:federal_register_of_legislation:C2017A00007:clause:1_24
Version: federal_register_of_legislation:C2017A00007
Segment Type: clause
Provision Reference: sch 1 cl 24
Character Range: 79953–81103

24  Before section 70‑35
Insert:

70‑34  Power to request information from monitoring bodies
 (1) This section applies if a person:
 (a) provides a *tax (financial) advice service; and
 (b) is *covered by a *compliance scheme.
 (2) For the purposes of performing its functions, or exercising its powers, the Board may, by notice, request the *monitoring body for the *compliance scheme to give the Board:
 (a) information relating to compliance by the person with the *Code of Ethics under the scheme; or
 (b) any other information relating to the scheme; or
 (c) information relating to compliance by the person with the *Code of Professional Conduct.
Note 1: Failure to give the information is an offence: see section 8C of the Taxation Administration Act 1953.
Note 2: This subsection constitutes an authorisation for the purposes of other laws, such as paragraph 6.2(b) of Australian Privacy Principle 6.
 (3) The Board's request must:
 (a) be in writing; and
 (b) specify the period within which the *monitoring body must comply with the request.
The period specified under paragraph (b) must be at least 14 days after the date of the request.