Issued: 10 August 2022
Last modified: 10 August 2022
With the combined intentions to safeguard the consumers of tax practitioner services and ensure that the community trusts the tax profession and the integrity of the tax system is enhanced, the Tax Practitioners Board (TPB) today launched their new Corporate Plan for 2022-23. In the year ahead the TPB will strive for excellence, not just sufficiency, in both itself and the profession that it regulates.
In his introductory message, TPB Chair, Ian Klug AM acknowledged the important role that the TPB plays in ensuring the public received excellent service from tax professionals. The TPB will also strive to build on successful outcomes achieved in 2021–22, to support government areas of focus and reform.
Over the next twelve months the TPB will continue to ease the regulatory burden on tax practitioners and reduce red tape, while ensuring that standards are maintained. This in turn will help the TPB focus on education, and support compliant tax practitioners to stay compliant.
Mr Klug points to a constantly evolving TPB, currently adopting a data driven detection strategy and responding to wrongdoing by rogue practitioners and unregistered preparers.
‘The pace of automation will accelerate in 2022–23 as we bring new technologies online, including our new customer relationship management software.’
Mr Klug says that the TPB will continue to work closely with the Australian Taxation Office (ATO), and other whole of government partners, to deliver a robust system of regulation. This will enhance community confidence in the integrity of the tax system and uphold the high standards expected of the profession by the public.
‘This is good for the profession, government and consumers: everyone wins,’ says Mr Klug.
‘Unfortunately, we expect that a small minority of tax practitioners will not meet the required standards of professionalism and ethics expected of them and this will require more stringent action by the TPB to remove them from the tax system. The nation can trust that we will pursue wrongdoing by tax practitioners and activity by unregistered preparers to the full extent of our resources and powers.’
The Corporate Plan outlines that the TPB shares a vision across the organisation to be a leading, independent, government regulator that drives reform and uses best-practice methodologies to ensure that the tax profession is worthy of our community’s trust.
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. Follow us on Twitter @TPB_gov_au, Facebook and LinkedIn.