Monday, 26 October 2009
Tax Agent Services (Transitional Provisions and Consequential Amendments) Bill 2009
Consideration in Detail
Bill—by leave—taken as a whole.
I present a supplementary explanatory memorandum to the bill. I move the government amendment:
(1) Schedule 2, item 14, page 22 (line 25), after “is”, insert “or has been”.
The amendment ensures the tax petitioners board is able to register all entities for a period of at least 12 months if they have transitioned into the new regime as a registered BAS agent and they seek a further period of registration without having the necessary qualifications or experience. Without the amendment, BAS agents who transition into the new regime could gain an unintended advantage by allowing their registration to lapse before they reapply for registration and obtain a minimum three years of registration. This is not the government’s intention.
Question agreed to.
Bill, as amended, agreed to.
Ordered that the bill be reported to the House with an amendment.