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The TPB releases guidance on confidentiality of client information

Monday, March 17, 2014

The TPB releases guidance on confidentiality of client information.

The Tax Practitioners Board (TPB) has released an exposure draft information sheet regarding the confidentiality of client information.

This draft information sheet provides guidance for registered tax practitioners on the application of Code Item 6 of the Code of Professional Conduct (Code), contained in the Tax Agent Services Act 2009.

Code Item 6 states that ‘unless you have a legal duty to do so, you must not disclose any information relating to a client’s affairs to a third party without your client’s permission’. The draft information sheet provides practical examples and other information to assist tax practitioners to comply with this Code Item.

Ian Taylor, Chair of the Tax Practitioners Board, said “Code Item 6 is particularly relevant to tax practitioners that may outsource a component of their tax agent services to a third party. Before doing so, it is essential that you have your client’s permission, either through a signed letter of engagement, signed consent or some other communication.”

“I encourage stakeholders to provide their comments on this draft information sheet.” Mr Taylor said.

Submissions on the draft information sheet close on 16 April 2014. Comments can be sent to tpbsubmissions [at] tpb.gov.au

All submissions will be reviewed and considered before the final information sheet is published on our website.

Further information about the Tax Practitioners Board
The TPB 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.