Section 921R — Corporations Act 2001: Notices to Tax Practitioners Board about qualified tax relevant providers who are registered tax agents

(1) ASIC must give a written notice to the Tax Practitioners Board if an action specified in subsection (2) is taken against a qualified tax relevant provider who is a registered tax agent. (2) The following actions are specified: (a) a Financial Services and Credit Panel making an instrument under subsection 921K(1) in relation to the qualified tax relevant provider; (b) ASIC giving the qualified tax relevant provider a warning or reprimand under subsection 921S(1); (c) a Financial Services and Credit Panel giving the qualified tax relevant provider a warning or reprimand under subsection 921T(1); (d) a Financial Services and Credit Panel giving the qualified tax relevant provider an infringement notice for the alleged contravention by the qualified tax relevant provider of a restricted civil penalty provision; (e) ASIC making an application under subsection 1317J(1) in relation to the alleged contravention by the qualified tax relevant provider of a restricted civil penalty provision; (f) a Financial Services and Credit Panel accepting an undertaking by the qualified tax relevant provider under subsection 171E(1) of the ASIC Act. (3) A notice under subsection (1) must include: (a) details of the action; and (b) if the action is a Financial Services and Credit Panel making an instrument under subsection 921K(1)—the panel’s reasons for making the instrument; and (c) if the action is ASIC giving the qualified tax relevant provider a warning or reprimand—ASIC’s reasons for giving the warning or reprimand; and (d) if the action is a Financial Services and Credit Panel giving the qualified tax relevant provider a warning or reprimand—the panel’s reasons for giving the warning or reprimand. Notice about variation etc. of certain instruments (4) ASIC must give a written notice to the Tax Practitioners Board if: (a) ASIC has given a notice to the Tax Practitioners Board under subsection (1); and (b) an instrument mentioned in that notice is subsequently varied, revoked or withdrawn. (5) A notice under subsection (4) must include details of the variation, revocation or withdrawal, as the case may be.