Corporations (Relevant Providers—Education and Training Standards) Determination 2021
3‑171 Transitional—relevant providers aw3‑171 Transitional—relevant providers awaiting registration as tax (financial) advisers on 31 December 2021
Start here
Get a plain-English read of 3‑171 Transitional—relevant providers aw
Turn the raw legal text into a practical explanation grounded in Corporations (Relevant Providers—Education and Training Standards) Determination 2021.
3‑171 Transitional—relevant providers awaiting registration as tax (financial) advisers on 31 December 2021
(1) The requirements in Division 3 of Part 3 of this instrument do not apply to a person, from the start of the day specified in subsection (2), if: (a) the person is, or is to be, a relevant provider; and (b) before 1 January 2022, the person made an application under section 20‑20 of the Tax Agent Services Act 2009 (as in force immediately before 1 January 2022) for registration as a registered tax (financial) adviser; and (c) immediately before 1 January 2022, the application had not been finally determined; and (d) after 1 January 2022, the application is granted.
Note: See item 140 in Schedule 1 to the Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Act 2021 for transitional rules in relation to pending applications for registration of registered tax (financial) advisers on 1 January 2022.
(2) For the purposes of subsection (1), the specified day is the day that a person’s registration as a registered tax (financial) adviser commences.