Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 (115 of 2021)

Schedule 1   Initial amendments

Part 2   Other amendments

Division 2   Application of amendments to the Tax Agent Services Act 2009

141   Transitional - providing or advertising tax (financial) advice services

(1) This item applies if:

(a) a person's registration as a registered tax (financial) adviser continues or is in force because of item 139 or 140 of this Schedule; and

(b) that registration is suspended for a period (the suspension period ) under subsection 30-25(1) of the old Act as it continues to apply to the registration under those items.

(2) During the suspension period, the person is taken not to be a qualified tax relevant provider for the purposes of paragraphs 50-17(d) and 50-18(c) of the Tax Agent Services Act 2009, as inserted by Division 1 of this Part.