DetailsRegistration requirement not met:
- 20-5(3)(a) Company has ceased to meet registration requirement that each director is a fit and proper person
Explanation: Mr Sarwat McGuid (tax agent registration number 09786004) is the sole director of S & T Income Tax Aid Specialists Pty Ltd (‘the Company’). On 20 February 2020, after completing an investigation, the TPB decided to terminate Mr McGuid’s tax agent registration on the basis that he no longer met the tax agent registration requirements because he is not a fit and proper person.
Paragraph 20-5(3)(a) of the Tax Agent Services Act 2009 provides that a company can be registered as a tax agent if each of its directors is a fit and proper person. On 11 June 2020, the TPB found that the Company had ceased to meet this tax agent registration requirement because its sole director, Mr Sarwat McGuid, was not fit and proper.
The TPB terminated the Company’s registration as a tax agent.
Date of Effect: 28/09/2020
Reason: 40-15(1)(b) company no longer meets registration requirements