Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024 (37 of 2024)

Schedule 3   PwC response - Tax Practitioners Board reform

Part 2   Investigations by the Board

Division 2   Publishing results of investigations

Tax Agent Services Act 2009

11   Application provisions

(1) The amendments of section 60-125 of the Tax Agent Services Act 2009 made by this Division apply in relation to an investigation into conduct under section 60-95 of that Act if the investigation commences on or after the commencement of this Division.

(2) Those amendments also apply in relation to an investigation into conduct under section 60-95 of the Tax Agent Services Act 2009 if:

(a) the investigation commenced on or after 1 July 2022 but before the commencement of this Division; and

(b) immediately before the commencement of this Division, the Board had not, in relation to the investigation:

(i) made a decision under subsection 60-125(2) of the Tax Agent Services Act 2009; or

(ii) been taken to have made such a decision.

(3) Regulations made for the purposes of subparagraph 60-125(2)(b)(v) of the Tax Agent Services Act 2009:

(a) may prescribe information in respect of a contravening entity that relates to matters occurring before, on or after the commencement of this Division; and

(b) may prescribe a period that starts before, on or after the commencement of this Division.