Document ID: chunk:federal_register_of_legislation:F2024C00896:reg:26:p2
Version: federal_register_of_legislation:F2024C00896
Segment Type: reg
Provision Reference: reg 26 (pt 2/2)
Character Range: 63913–66295

which it was sold by the first entity;
 (l) a service that is required, by a law of the Commonwealth or of a State or Territory, to be provided only by an actuary (within the meaning of the Income Tax Assessment Act 1997);
 (m) a service provided by an actuary (within the meaning of the Income Tax Assessment Act 1997) in relation to either or both of the following:
 (i) a defined benefit superannuation scheme (within the meaning of the Superannuation Guarantee (Administration) Act 1992);
 (ii) an allocation from a reserve in a superannuation scheme (within the meaning of the Superannuation Guarantee (Administration) Act 1992) other than a defined benefit superannuation scheme (within the meaning of that Act);
 (n) subject to subsection (2), a tax (financial) advice service provided between 1 January and 31 December 2022 by an entity that:
 (i) immediately before 1 January 2022, was a registered tax (financial) adviser (within the meaning of the Act as in force at that time); and
 (ii) is not a relevant provider (within the meaning of the Corporations Act 2001).
 (2) Paragraph (1)(n) does not cover a service provided by an entity if:
 (a) on or after 1 January 2022, the entity applies, under section 20‑20 of the Act, for registration as a tax agent; and
 (b) the service is provided:
 (i) if the Board grants the application—after the registration commences; or
 (ii) if the Board rejects the application—after the Board notifies the entity of its decision.
 (3) In this section:
Note:  The terms under common ownership, stapled entity and taxation law have the same meaning as in the Income Tax Assessment Act 1997 (see subsection 90‑1(2) of the Tax Agent Services Act 2009).
related entity, in relation to an entity, means:
 (a) an associated entity (within the meaning of the Corporations Act 2001) of the entity; or
 (b) an entity under common ownership with the entity; or
 (c) a stapled entity of the entity or an associated entity of the stapled entity; or
 (d) an entity connected with the entity (within the meaning of section 328‑125 of the Income Tax Assessment Act 1997, applied as if references in that section to a control percentage of 40% were references to a control percentage of 50%).

Part 7—Application, saving and transitional provisions

Division 1—Amendments made by the Tax Agent Services Amendment (Register Information) Regulations 2024