Corporations Amendment (Professional Standards of Financial Advisers) Act 2017 (7 of 2017)

Schedule 1   Amendments

Part 1   Amendments

Tax Agent Services Act 2009

25   After subsection 70-40(3A)

Insert:

Disclosures to monitoring bodies for compliance schemes

(3AA) Subsection 70-35(1) does not apply if the record or disclosure is to a *monitoring body for a *compliance scheme for the purpose of the monitoring body monitoring or enforcing compliance with the *Code of Ethics under the scheme.

Note: A defendant bears an evidential burden in relation to the matters in subsection (3AA): see subsection 13.3(3) of the Criminal Code.