Tax Laws Amendment (2013 Measures No. 3) Act 2013 (120 of 2013)

Schedule 1   Creating a regulatory framework for tax (financial) advice services

Part 1   Main amendments

Tax Agent Services Act 2009

20   Subsection 40-20(3)

Repeal the subsection, substitute:

(3) The Board must also notify:

(a) in the case of an entity’s registration as a *registered tax agent, BAS agent or tax (financial) adviser - the Commissioner of the Board’s decision and the reasons for the decision; and

(b) in the case of an entity’s registration as a *registered tax (financial) adviser - the Australian Securities and Investments Commission of the Board’s decision and the reasons for the decision.