Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2020 (F2020L01610)

Schedule 1   Amendments commencing day after registration

Tax Agent Services Regulations 2009

70   At the end of Division 3 of Part 1A

Add:

6B Termination of recognition at request of professional organisation

If an organisation that is a recognised BAS agent association, recognised tax agent association or recognised tax (financial) adviser association surrenders its recognition by notice in writing to the Board under this regulation, the Board must terminate the recognition of the organisation:

(a) on, or as soon as practicable after, the day the Board receives the notice; or

(b) if a later day is specified in the notice - on that later day.