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26 Jun 09 Tax Agent Services (Transitional and Consequential) Bill introduced

On 24 June 2009, Tax Agent Services (Transitional Provisions and Consequential Amendments) Bill 2009 was introduced into the House of Representatives. The following is extracted from the Explanatory Memorandum.

"The Bill facilitates the smooth transition from the current law regarding the registration of tax agents to the new law in the Tax Agent Services Act 2009 (TAS Act) regarding the regulation and registration of tax agents and Business Activity Statement (BAS) agents. Date of effect: Most of the provisions in this Bill will commence immediately after the commencement of Part 2 of the TAS Act. Other provisions will either commence on the day on which this Bill receives Royal Assent or at the same time as the commencement of Part 2 of the TAS Act. These dates of effect are outlined in paragraphs 1.53 to 1.58 [of the Explanatory Memorandum]. Part 2 of the TAS Act commences on a single day to be fixed by Proclamation. A Proclamation must not specify a day that occurs before the day on which this Bill receives Royal Assent. Proposal announced: These proposals were announced by the then Assistant Treasurer and Minister for Competition Policy and Consumer Affairs in Media Release No. 039 of 29 May 2008."

In a media release issued on 24 June 2009, the Assistant Treasurer, Senator Nick Sherry, announced the introduction of the Bill as "another important legislative step in establishing the new national tax agent regime."

For a copy of the Bill, go here

For a copy of the Explanatory Memorandum, go here

For a copy of the Assistant Treasurer's media release, No 2009/005, 24 June 2009, go here

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