Document ID: chunk:federal_register_of_legislation:C2009A00114:clause:2_21
Version: federal_register_of_legislation:C2009A00114
Segment Type: clause
Provision Reference: sch 2 cl 21
Character Range: 41106–42012

21  Special rule relating to the cancellation of registration
(1) If an entity was a registered tax agent or a registered nominee within the meaning of the old law, then, the entity is taken to have been previously a registered tax agent or BAS agent for the purposes of subparagraph 50‑25(1)(c)(i) of the new law.
(2) If:
 (a) an entity was a registered tax agent or a registered nominee within the meaning of the old law; and
 (b) the registration of the entity was cancelled under section 251K or 251KE of the old law (other than because the entity permanently ceased to carry on business as a registered tax agent);
then, the cancellation of the entity's registration under section 251K or 251KE of the old law is taken to have been a termination of registration under Part 4 of the new law for the purposes of subparagraph 50‑25(1)(c)(ii) of the new law.

Part 7—Reporting and disclosure obligations