Document ID: chunk:federal_register_of_legislation:C2022C00218:clause:1_140
Version: federal_register_of_legislation:C2022C00218
Segment Type: clause
Provision Reference: sch 1 cl 140
Character Range: 139111–140354

140  Transitional—pending applications for registration of registered tax (financial) advisers who are relevant providers
(1) This item applies if:
 (a) a person is a relevant provider; and
 (b) before 1 January 2022, the person made an application:
 (i) under section 20‑20 of the old Act for registration as a registered tax (financial) adviser; or
 (ii) under section 20‑50 of the old Act for renewal of the person's registration as a registered tax (financial) adviser; and
 (c) immediately before 1 January 2022, the application had not been finally determined.
(2) Despite the amendments of the old Act made by Division 1 of this Part:
 (a) the old Act continues to apply, on and after 1 January 2022, in relation to the application, as if those amendments had not been made; and
 (b) if the application is granted:
 (i) the old Act continues to apply to the registration, or the renewed registration, on and after the day the application is granted as if those amendments had not been made; and
 (ii) the registration, or the renewed registration, is in force on and after 1 January 2022 for the period determined under subsection 20‑25(4) of the old Act in relation to the application, unless terminated before the end of that period.