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

139   Transitional - registration of registered tax (financial) advisers who are relevant providers

(1) This item applies if:

(a) a person is a relevant provider; and

(b) immediately before 1 January 2022:

(i) the person was a registered tax (financial) adviser under the old Act; and

(ii) the person's registration (the old registration ) as a registered tax (financial) adviser was due to expire at the end of a period (the old registration period ) that ends on or after that day; and

(c) item 140 of this Schedule does not apply to the person.

(2) Despite the amendments of the old Act made by Division 1 of this Part:

(a) the old Act continues to apply in relation to the old registration on and after 1 January 2022 as if those amendments had not been made; and

(b) the old registration continues in force on and after 1 January 2022 until the end of the old registration period, unless terminated before the end of that period.