13Recognition of association

13 Recognition of association

(1) If an association makes an application in accordance with section 12, the Board must consider the application as soon as practicable and decide: (a) to recognise the association under subsection (2) or (3) of this section; or (b) to refuse to recognise the association.

Note: A decision to refuse to recognise an association is a reviewable decision (see section 18).

(2) The Board must recognise the association as a recognised tax agent association if the Board is satisfied that the association meets the requirements in clauses 201 to 210 of Part 2 of Schedule 1. (3) The Board may also recognise the association as a recognised tax agent association if: (a) the Board is satisfied that the association meets the requirements in clauses 201 to 208 of Part 2 of Schedule 1; and (b) the Board considers it appropriate to recognise the association having regard to: (i) the purposes of this instrument and the Act; and (ii) the role of recognised tax agent associations. (4) If the Board recognises the association as a recognised tax agent association under subsection (2) or (3), the Board must give the association written notice of the decision.