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Removing the commercial law course requirement for certain tax agents

Monday, January 21, 2013

Removing the commercial law course requirement for certain tax agents

The Tax Practitioners Board will notify affected tax agents directly of recent changes to transitional rules, said Chair of the Tax Practitioners Board, Dale Boucher. 

Assistant Treasurer David Bradbury announced on 14 December 2012 that the Government would permanently extend existing transitional rules for certain tax agents who became registered by the Tax Practitioners Board before 1 September 2010.

“A limited number of tax agents who became registered under the previous tax agent registration provisions in the Income Tax Assessment Act 1936 were not required to have completed a course in commercial law when they first registered,” said Mr Boucher. 
The tax agents concerned are registered tax agents and former nominees of agents who were previously registered by a State Tax Agents’ Board through regulations 156(4) and (5) of the Income Tax Regulations 1936.
 
“From 1 March 2013, any other individuals applying for registration or renewal under the Tax Agent Services Act 2009 (TASA) may still, depending on which eligibility item they apply under, need to show that they have completed a Board approved course in commercial law.” Mr Boucher said.
 
The Board is working with Treasury and the Government to assist with making amendments to the legislative framework to achieve this result. 

Further information

The Tax Practitioners Board regulates tax and BAS agents to protect consumers. The TPB aims to assure the community that tax and BAS agents meet appropriate standards of professional and ethical conduct. 
Contact:  TPBCommunications [at] ato.gov.au (TPB Communications) on 02 6216 4916