Document ID: chunk:federal_register_of_legislation:F2024L01276:clause:1_151
Version: federal_register_of_legislation:F2024L01276
Segment Type: clause
Provision Reference: sch 1 cl 151
Character Range: 17524–18485

151  Transitional—instrument as originally made

Keeping your clients informed
 (1) Despite the reference to events that have occurred within the last 5 years in paragraph 45(1)(c), section 45 applies only in relation to events that have arisen on or after 1 July 2022.
 (2) Where:
 (a) section 45 applies to require a registered tax agent or BAS agent to advise an existing client of information within 30 days of an event; and
 (b) that event occurs before section 45 begins to apply to the registered tax agent or BAS agent under subsection 100(1);
then despite subparagraph 45(2)(b)(ii), clients should instead be advised of the information by no later than 30 days after section 45 begins to apply to the registered tax agent or BAS agent under subsection 100(1), if section 45 still applies to require a client to be advised of that information at that time.

Part 3—Other amendments

Tax Agent Services (Code of Professional Conduct) Determination 2024