2 million checks on Tax Practitioner Register keeps taxpayers safe
Tax Practitioners Board (TPB) Chair, Ian Klug AM, today released the 2020-21 Annual Report, following tabling in Federal parliament, showing that the TPB saw increased engagement with both tax practitioners and taxpayers during the year.
The report also highlights how the TPB took a measured and proportionate approach to supporting both tax practitioners and consumers during the COVID-19 pandemic and following the 2020 eastern Australia bushfires.
Recognising that it was another challenging year, Mr Klug used the opportunity to thank the nearly 80,000 registered tax practitioners for supporting their clients and upholding the integrity of the tax system. He also acknowledged the role they played with the implementation of government stimulus measures for the Australian community.
Mr Klug said he welcomed the Government’s response to the independent review into the effectiveness of the TPB and the Tax Agent Services Act 2009, commenting that it was a ‘positive step forward for the future’ especially the consideration of additional sanctions and further financial independence.
Mr Klug also said that he was proud of the many achievements during the period. Some of the key highlights being:
- TPB register searches exceeded 2 million searches for the first time.
- The Board Conduct Committee reviewed 170 cases of practitioner’s potential misconduct. (75 of which resulted in termination of the tax practitioner’s registration).
- Staff answered over 20,000 emails and letters, and over 29,000 telephone enquiries to support tax practitioners.
- Attendance at TPB webinars increased threefold during the year, with over 61,000 attending webinars in 2020-21 compared to 17,000 in 2019-20.
The growth in use of the TPB Register mirrors an increase in consumer and business awareness of the TPB. The latest results from the TPB’s bi-annual research indicated that 80% of business owners are now aware of the TPB (an increase from 67.6% in December 2020) and 57.7% of taxpayers are also aware (up from 38.5% in December 2020).
Mr Klug looked forward to 2021-22 including an increased focus on unregistered preparers based on a strategy developed last year.
The 2020-21 Annual Report covers more achievements and performance against the TPB’s strategic objectives for the year.
Read the TPB Annual Report 2020-21.
About the Tax Practitioners Board:
The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct. Follow us on Twitter @TPB_gov_au, Facebook and LinkedIn