Statement regarding the Association of Taxation and Management Accountants
On 16 December 2014, the Tax Practitioners Board (TPB) decided to terminate the recognition of the Association of Taxation and Management Accountants (ATMA) as a recognised tax agent association pursuant to regulation 5E of the Tax Agent Services Regulations 2009 (Regulations).
ATMA’s recognition was terminated on the grounds that:
- ATMA failed to give the TPB notice as required under the Regulations that ATMA no longer met a requirement for recognition; and
- the TPB had reasonable grounds for believing that ATMA had ceased to meet the requirements for recognition and the TPB was not satisfied that it was appropriate for ATMA to be recognised having regard to the purposes of the Tax Agent Services Act 2009 and the role of recognised tax agent associations.
The TPB does not apply terminations lightly and prior to making its decision, provided ATMA with several opportunities to make submissions regarding their ongoing eligibility to be a recognised professional association and whether their recognition should be terminated.
Despite being notified of its rights of review by the TPB, ATMA did not seek a review of the TPB’s decision in the Administrative Appeals Tribunal.
The TPB directly contacted every registered agent, whose registration was dependent on membership with ATMA, to advise them of the TPB’s decision and the options available for maintaining their registration.
Under the Regulations, the TPB may accredit professional associations as recognised tax agent associations, BAS agent associations or tax (financial) adviser associations where they meet the prescribed requirements.
A list of recognised professional associations, and further information about the requirements for recognition, is available from Recognised professional associations
Last modified: 10 April 2015