Document ID: chunk:federal_register_of_legislation:C2013A00120:clause:1_23
Version: federal_register_of_legislation:C2013A00120
Segment Type: clause
Provision Reference: sch 1 cl 23
Character Range: 7209–8214

23  After subsection 50‑5(2)
Insert:
 (2A) You contravene this subsection if:
 (a) you provide a service that you know, or ought reasonably to know, is a *tax (financial) advice service; and
 (b) the tax (financial) advice service is not a *BAS service; and
 (c) you charge or receive a fee or other reward for providing the tax (financial) advice service; and
 (d) you are not a *registered tax agent or a *registered tax (financial) adviser; and
 (e) in the case of you providing the tax (financial) advice service as a legal service—you are prohibited, under a *State law or *Territory law that regulates legal practice and the provision of legal services, from providing that tax (financial) advice service.
Civil penalty:
 (a) for an individual—250 penalty units; and
 (b) for a body corporate—1,250 penalty units.
Note: Subdivision 50‑C of this Act and Subdivision 298‑B in Schedule 1 to the Taxation Administration Act 1953 determine the procedure for obtaining a civil penalty order against you.