Document ID: chunk:federal_register_of_legislation:C2022C00218:clause:1_921r
Version: federal_register_of_legislation:C2022C00218
Segment Type: clause
Provision Reference: sch 1 cl 921R
Character Range: 68234–70532

921R  Notices to Tax Practitioners Board about qualified tax relevant providers who are registered tax agents
 (1) ASIC must give a written notice to the Tax Practitioners Board if an action specified in subsection (2) is taken against a qualified tax relevant provider who is a registered tax agent.
 (2) The following actions are specified:
 (a) a Financial Services and Credit Panel making an instrument under subsection 921K(1) in relation to the qualified tax relevant provider;
 (b) ASIC giving the qualified tax relevant provider a warning or reprimand under subsection 921S(1);
 (c) a Financial Services and Credit Panel giving the qualified tax relevant provider a warning or reprimand under subsection 921T(1);
 (d) a Financial Services and Credit Panel giving the qualified tax relevant provider an infringement notice for the alleged contravention by the qualified tax relevant provider of a restricted civil penalty provision;
 (e) ASIC making an application under subsection 1317J(1) in relation to the alleged contravention by the qualified tax relevant provider of a restricted civil penalty provision;
 (f) a Financial Services and Credit Panel accepting an undertaking by the qualified tax relevant provider under subsection 171E(1) of the ASIC Act.
 (3) A notice under subsection (1) must include:
 (a) details of the action; and
 (b) if the action is a Financial Services and Credit Panel making an instrument under subsection 921K(1)—the panel's reasons for making the instrument; and
 (c) if the action is ASIC giving the qualified tax relevant provider a warning or reprimand—ASIC's reasons for giving the warning or reprimand; and
 (d) if the action is a Financial Services and Credit Panel giving the qualified tax relevant provider a warning or reprimand—the panel's reasons for giving the warning or reprimand.

Notice about variation etc. of certain instruments
 (4) ASIC must give a written notice to the Tax Practitioners Board if:
 (a) ASIC has given a notice to the Tax Practitioners Board under subsection (1); and
 (b) an instrument mentioned in that notice is subsequently varied, revoked or withdrawn.
 (5) A notice under subsection (4) must include details of the variation, revocation or withdrawal, as the case may be.

Subdivision C—Warnings and reprimands