Tax Agent Services (Transitional Provisions and Consequential Amendments) Act 2009 (114 of 2009)

Schedule 2   Transitional provisions

Part 2   Continuation of existing registrations etc.

3   Special rule relating to the registration of nominees of tax agents

If a person was, immediately before commencement, registered as a nominee of a tax agent under the old law, the person is taken to be a registered tax agent within the meaning of the new law for the period:

(a) beginning on the day on which this Schedule commences; and

(b) ending on the day on which:

(i) the person’s registration as a nominee would have ceased under paragraph 251KD(2)(g) of the old law but for its repeal by Schedule 1 to this Act because the registration of the tax agent ceases to be in force under the old law by virtue of subparagraph 2(1)(b)(i) of this Schedule; or

(ii) if item 17 of this Schedule applies and the Board decides to cancel the person’s registration - the person’s registration is cancelled under the old law despite its repeal by Schedule 1 to this Act; or

(iii) the person’s registration as a registered tax agent is terminated under Subdivision 30-B or 40-A of the new law;

whichever occurs first.

Note 1: A registered tax agent within the meaning of the new law is registered under section 20-25 of the new law.

Note 2: Subparagraph (b)(i) - the registration of the tax agent (of whom the person is the nominee) will continue because of item 2 of this Schedule.