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TPB unveils 2025–26 focus to strengthen compliance, trust, support

Regulation

The TPB has revealed its corporate plan for 2025–26 with a sharpened focus on delivering a fair, data-driven, risk-based compliance program.

By Imogen Wilson 8 minute read

In its recently released plan for 2025–26, the Tax Practitioners Board has highlighted four key areas it will look to focus its attention and resources on to further enhance the profession.

In 2025–26, the TPB will look to deliver a proportionate, fair and data-driven risk-based compliance program, support tax practitioners and the public, contribute to informing the tax and regulatory system and further enhance its capabilities.

Peter de Cure, TPB chair, said the TPB’s plan would aim to promote and support voluntary compliance, while ensuring fairness for ethical practitioners.

“These priorities will address systemic issues like tax fraud and shared risks such as personal tax obligations, while also targeting promoters of tax schemes, unregistered preparers and professional misconduct to protect vulnerable Australians from financial abuse,” he said.

“These priorities are based on data, complaints and key risks in our compliance program. Sharing our compliance priorities helps the tax profession to review and improve services, protecting their clients, practice, and the integrity of the profession.”

In terms of its compliance priorities, the TPB said these were shaped by data analysis, stakeholder consultation and ongoing interactions with the tax profession, as well as the complaints and referrals about tax advisers, totalling 14,000 last year.

From this, the TPB warned it would take action against those who failed to address serious misconduct as it aimed to “level the playing field for ethical tax practitioners” and asked other tax advisers to review and adjust their practices.

 
 

According to the TPB, its plan acknowledged that supporting ethical tax practitioners and taking appropriate action against those who did the wrong thing would enhance public trust and confidence in the tax and regulatory system.

“The TPB will continue to collaborate with tax practitioners and their associations to develop practical guidance and provide support during reform implementation.”

“Ongoing engagement with professional associations will remain a priority, including environmental scanning of emerging risks and opportunities, exploring reform options and discussing strategic and operational matters.”

The TPB also noted that accounting had seen significant reform over the past two years, which stemmed from the 2019 independent review led by Keith James, the government’s response to the PwC tax leaks scandal and various parliamentary reviews and recommendations.

From this, de Cure said the TPB would continue to support the profession and understood that most tax practitioners acted ethically to support their clients and the tax system.

“We will continue to strengthen our relationship with these tax practitioners by consulting with them and their professional bodies, collaborating to create guidance, and providing engagement through webinars and their activities,” he said.

“We are committed to supporting the tax profession as it faces economic pressures, technological changes, cybersecurity risks, and evolving client engagement methods.”

In addition to its four key priorities, the TPB said within its plan it would aim to support government priorities, work closely with Treasury and the ATO to enhance consultation processes and confidentiality arrangements.

The TPB would also continue to modernise its technology and leverage data-driven risk engines to identify systemic risks and evaluate the effectiveness of its strategies, de Cure concluded.  

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Imogen Wilson

Imogen Wilson

AUTHOR

Imogen Wilson is a journalist at Accountants Daily and Accounting Times, the leading sources of news, insight, and educational content for professionals in the accounting sector. Imogen is also the host of the Accountants Daily Podcasts, Under the Hood and Accountants Daily Insider.

Previously, Imogen has worked in broadcast journalism at NOVA 93.7 Perth and Channel 7 Perth. She has multi-platform experience in writing, radio, TV presenting, podcast hosting and production.

You can contact Imogen at This email address is being protected from spambots. You need JavaScript enabled to view it.

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