Document ID: chunk:federal_register_of_legislation:F2024C00896:schedule:2:p5
Version: federal_register_of_legislation:F2024C00896
Segment Type: schedule
Provision Reference: sch 2 (pt 5/8)
Character Range: 86924–89643

a financial services licensee mentioned in paragraph (a) of the definition of representative in section 9 of the Corporations Act 2001.
Note 1: The Board may approve a course by an approval process, an accreditation scheme, or by other means.
Note 2: For the definition of relevant tax (financial) advice experience, see clause 212 of this Part.

Membership of professional associations—financial services licensees and their representatives
 210 This clause applies if the individual:
 (a) is a voting member of a recognised tax agent association; and
 (b) has undertaken at least 6 years of full time relevant tax (financial) advice experience (or part time equivalent) in the last 8 years; and
 (c) is, or was within the last 90 days:
 (i) a financial services licensee within the meaning of the Corporations Act 2001; or
 (ii) a representative of a financial services licensee mentioned in paragraph (a) of the definition of representative in section 9 of the Corporations Act 2001.

Registered tax (financial) advisers
 211 This clause applies if:
 (a) immediately before 1 January 2022, the individual was a registered tax (financial) adviser within the meaning of the Act as in force at that time; and
 (b) the individual's application for registration, under section 20‑20 of the Act, is made before 1 January 2023.

Definitions
 212 In this Part:
relevant discipline includes a discipline related to finance, financial planning, commerce, economics, business, tax, accounting, or law.
relevant experience means work by an individual:
 (a) as a registered tax agent; or
 (b) as a tax agent registered under Part VIIA of the Income Tax Assessment Act 1936 as in force immediately before 1 March 2010; or
 (c) under the supervision and control of a registered tax agent; or
 (d) under the supervision and control of a tax agent registered under Part VIIA of the Income Tax Assessment Act 1936 as in force immediately before 1 March 2010; or
 (e) as an Australian legal practitioner; or
 (f) of another kind approved by the Board;
that includes substantial involvement in the provision of one or more of the types of tax agent services described in section 90‑5 of the Act, or substantial involvement in the practice of a particular area of taxation law to which one or more of those types of tax agent services relate.
Note: The terms registered tax agent and tax agent service are defined in the Act.
relevant tax (financial) advice experience means work by an individual:
 (a) as a registered tax (financial) adviser within the meaning of the Act as in force immediately before 1 January 2022; or
 (b) as a registered tax agent, or a tax agent registered under Part VIIA of the Income Tax Assessment Act 1936 as