The Tax Agent Services (Code of Professional Conduct) Determination 2024 (Determination), registered on 2 July 2024, introduced 8 additional Code obligations for tax practitioners.

The new obligations apply from 1 August 2024. However, the government has announced that it will insert a transitional rule into the Determination that will provide firms with 100 employees or less until 1 July 2025, and larger firms with 101 employees or more until 1 January 2025 to bring themselves into compliance with these new obligations, so long as they continue to take genuine steps towards compliance during this period.

To assist tax practitioners understand the new obligations, we will be releasing draft guidance materials progressively for consultation. We’ve released the following draft guidance on 3 of the new obligations:

• TPB(I) D54/2024 False or misleading statements to the TPB or Commissioner
• TPB(I) D55/2024 Managing conflicts of interest and maintaining confidentiality in dealings with government.

The closing date for submissions was previously 24 September 2024, this date has now been extended with a new closing date to be advised.

We will also be running several webinars to help you understand the new obligations, and update our webinars page as and when we schedule them. 

Further information

• Frequently asked questions – Code Determination
• Code of Professional Conduct