iscoverThe Tax Practitioners Board is investigating a number of practitioners who have failed to meet their annual lodgement obligations and their outstanding tax obligations.
TPB investigates practitioners failing tax, lodgement obligations
16 August 2017
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6 minute read
All registered tax and BAS agents are required to notify the TPB annually that they continue to meet registration requirements, with the exception of the year that they renew their registration.
In line with the TPB’s general experience with BAS agents in particular, the majority of practitioners have met their lodgement requirements for the financial year ending 30 June 2017.
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However, the TPB is investigating a number who have failed to comply this year. It may be a breach of the Code of Professional Conduct, set by the regulator, if practitioners do not comply.
Overall, the number of complaints of BAS agents are “very few,” particularly in relation to the complaints fielded about tax agents.
“From our perspective we are very happy in terms of where BAS agents are at right now,” chair of the TPB, Ian Taylor, previously told The Bookkeeper.
“Historically this was an unregulated profession, and there was no requirement prior to 2010 for these people to be registered. So having gone through that transition from an unregulated environment to now having all these BAS agents registered with and regulated by the board, that’s a much better place to be in than we were seven years ago,” he said.
“BAS agents, throughout that process, have towed the line and done everything that has been asked of them,” he said.
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