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The Tax Practitioners Board (TPB) has issued a statement defending its processes, following the board's decision to terminate recognition of the Association of Taxation and Management Accountants (ATMA) as a recognised tax agent association.
Newsletter
TPB defends termination process
13 April 2015
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8 minute read
Following comments published on AccountantsDaily last week in which ATMA president Bob Duncan expressed disappointment with the TPB’s handling of the matter, the board defended its actions, saying it provided ATMA with several opportunities to make submissions regarding the matter.
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“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,” the statement read.
“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 also said it has taken action to ensure all tax agents affected were promptly informed to ensure all individual registrations were maintained.
“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.”
In the statement, the TPB said 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."
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