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Tax Practitioners Board Releases Booklet Of Compliance Outcomes

Tuesday, October 22, 2013

Tax Practitioners Board Releases Booklet Of Compliance Outcomes

The Tax Practitioners Board (TPB) has released the latest Summary of penalties, sanctions and terminations booklet. This second edition includes a summary of some of the TPB’s most recent compliance outcomes, including Federal Court, Administrative Appeals Tribunal and Board Conduct Committee matters.

This booklet contains summaries of cases where registered tax and BAS agents have not met their obligations under the Tax Agent Services Act 2009, including the Code of Professional Conduct. Also included are case summaries where unregistered agents were penalised for providing tax agent services for a fee or other reward.

The Chair of the TPB, Ian Taylor said “We want to provide support to tax practitioners who are responsible and do the right thing. We find it is only a very small percentage of agents who do not comply with the Code of Professional Conduct and other legislative requirements. We take non-compliance with the law very seriously and focus our compliance resources where there is the greatest risk of harm to taxpayers and the community as a whole.”

Mr. Taylor added “Many tax practitioners have told us that the first edition of our Summary of penalties, sanctions and terminations booklet was very useful in understanding the TPB’s approach to non-compliance. We believe this second edition will add to that understanding.”

Further information about the Tax Practitioners Board
The Tax Practitioners Board regulates tax practitioners to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct.