Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies in relation to a person if:
(a) the person is a relevant provider; and
(b) immediately before 1 January 2022, either:
(i) the person was a registered tax (financial) adviser; or
(ii) an application under section 20 - 20 of the old Tax Agent Services Act for the registration of the person as a registered tax (financial) adviser had not been finally determined; or
(iii) an application under section 20 - 50 of the old Tax Agent Services Act for the renewal of the person's registration as a registered tax (financial) adviser had not been finally determined; and
(c) on or after 1 January 2022, either:
(i) the person's registration as a registered tax (financial) adviser continues in force because of item 139 of Schedule 1 to the amending Act; or
(ii) the person's registration, or renewed registration, as a registered tax (financial) adviser comes into force because of item 140 of Schedule 1 to the amending Act.
(2) On and after the application day for the person, this Act applies in relation to the person as if:
(a) the person were registered under subsection 921ZC(1), as inserted by Schedule 1 to the amending Act, because of an application in accordance with:
(i) if the relevant provider is a financial services licensee--section 921ZA, as inserted by Schedule 1 to the amending Act; or
(ii) if the relevant provider is not a financial services licensee--section 921ZB, as inserted by Schedule 1 to the amending Act; and
(b) the person's registration under subsection 921ZC(1), as inserted by Schedule 1 to the amending Act, came into force on the application day for the person.
(3) For the purposes of this section, the application day for a person is:
(a) if the person's registration continues in force because of item 139 of Schedule 1 to the amending Act--1 January 2022; or
(b) if the person's registration, or renewed registration, is in force because of item 140 of Schedule 1 to the amending Act--the day the registration, or renewed registration, comes into force under that item.