Section 1684U — Corporations Act 2001: Transitional—deemed registration of certain relevant providers

(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.