Document ID: chunk:federal_register_of_legislation:C2022C00218:clause:1_1684u
Version: federal_register_of_legislation:C2022C00218
Segment Type: clause
Provision Reference: sch 1 cl 1684U
Character Range: 123335–124857

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, the person was a registered tax (financial) adviser; and
 (c) the person's registration (the old registration) as a registered tax (financial) adviser continues, or is, in force on and after that day because of item 139 or 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 old registration continues in force because of item 139 of Schedule 1 to the amending Act—1 January 2022; or
 (b) if the person's old registration is in force because of item 140 of Schedule 1 to the amending Act—the day the old registration comes into force under that item.