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Stakeholders invited to comment on draft Code of Professional Conduct

Wednesday, May 25, 2016

The TPB invites comments on draft Code of Professional Conduct information sheets for tax (financial) advisers

Chair of the Tax Practitioners Board (TPB), Mr Ian Taylor, has today invited stakeholders to comment on four new draft information sheets providing practical guidance on how the Code of Professional Conduct (the Code) applies to tax (financial) advisers.

‘All registered tax practitioners, including tax (financial) advisers, need to ensure they comply with their obligations under the Code. To assist tax (financial) advisers to understand what this means for them, the TPB has issued four exposure draft documents relating to acting in the best interests of their clients, taking reasonable care to ascertain a client’s state of affairs, applying tax laws correctly and managing conflicts of interest,’ Mr Taylor said.

‘I encourage all interested parties to take the opportunity to review the exposure drafts and provide their comments.’

All submissions will be reviewed and considered before the final information sheets are published on the TPB website.

Submission on the four exposure drafts close on 11 July 2016. Comments can be sent to tpbsubmissions [at] tpb.gov.au

For media enquiries, please contact communications [at] tpb.gov.au (Communications) or 02 6216 2993

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.

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