Tax Administration and Tax Agent Services Legislation Amendment Regulation 2013

Select Legislative Instrument No. 130, 2013

I, Professor Marie Bashir AC CVO, Administrator of the Government of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Corporations (Fees) Act 2001, the Tax Agent Services Act 2009 and the Taxation Administration Act 1953.

Dated 13 June 2013

Marie Bashir

Administrator

By Her Excellency’s Command

David Bradbury

Assistant Treasurer

Contents

1 Name of regulation

2 Commencement

3 Authority

4 Schedule(s)

Schedule 1—Amendments

Corporations (Fees) Regulations 2001

Tax Agent Services Regulations 2009

Taxation Administration Regulations 1976

1  Name of regulation

  This regulation is the Tax Administration and Tax Agent Services Legislation Amendment Regulation 2013.

2  Commencement

  This regulation commences on the day after it is registered.

3  Authority

  This regulation is made under:

 (a) the Corporations (Fees) Act 2001; and

 (b) the Tax Agent Services Act 2009; and

 (c) the Taxation Administration Act 1953.

4  Schedule(s)

  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Corporations (Fees) Regulations 2001

1  Schedule 1 (table item 31A, paragraph (a) in column 2)

After “Statistics,”, insert “the Tax Practitioners Board,”.

Tax Agent Services Regulations 2009

2  Paragraph 203(d) of Schedule 2

Repeal the paragraph, substitute:

 (d) if the application is made on or after 1 March 2013, and the individual was not previously registered under Part VIIA of the Income Tax Assessment Act 1936, the individual has successfully completed a course in commercial law that is approved by the Board.

Note: 1 March 2013 is 3 years after the day Part 2 of the Tax Agent Services Act 2009 commenced.

3  Paragraph 205(a) of Schedule 2

Repeal the paragraph, substitute:

 (a) each of the following applies:

 (i) the individual has successfully completed a course in basic accountancy principles that is approved by the Board;

 (ii) the individual has successfully completed a course in Australian taxation law that is approved by the Board;

 (iii) if the application is made on or after 1 March 2013, and the individual was not previously registered under Part VIIA of the Income Tax Assessment Act 1936, the individual has successfully completed a course in commercial law that is approved by the Board; and

Note: 1 March 2013 is 3 years after the day Part 2 of the Tax Agent Services Act 2009 commenced.

Taxation Administration Regulations 1976

4  Regulation 48 (at the end of the table)

Add: