iscoverThe Tax Practitioners Board has terminated the tax agent registration of Warren Seeto after he failed to comply with TASA requirements.
Tax agent banned for 2 years after TASA breach
17 July 2025
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7 minute read
The TPB has terminated the tax agent registration of Warren Seeto and imposed a 2-year ban to prevent him from re-applying for registration.
“It is the responsibility of registered tax agents to adhere to the Code of Professional Conduct. If not, the TPB will take swift action to protect consumers from unscrupulous and dishonest behaviour,” Peter de Cure, chair of the TPB, said.
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“In this case, Mr Seeto’s actions were not consistent with that of a responsible and reputable tax agent and the serious nature of the misconduct posed a risk to the public.”
Seeto operated in Chatswood, a suburb in Sydney’s affluent North Shore, and had first registered as a tax agent in 2010.
In its determination, the TPB found that Seeto had breached subsections 30-10(1) and 30-10(2) of the Code of Professional Conduct in the Tax Agent Services Act 2009 (TASA).
In other words, the board found that Seeto had not acted with honesty and integrity and had not complied with taxation laws in the conduct of his personal affairs.
Following its investigation, the TPB said that Seeto had intentionally lodged incorrect business activity statements (BAS) for a company that he directed.
He also failed to maintain accurate business records and sought access to cash flow boost (CFB) payments that he knew the company wasn’t eligible for.
Furthermore, Seeto failed to lodge several BAS for his related companies by their due date over a significant period, the TPB found. He also significantly underreported income on a tax return and incorrectly reported GST amounts, resulting in significant tax debts to the ATO.
The TPB first decided to terminate Seeto’s tax agent registration in December 2023, but in February 2024, he applied to the Administrative Review Tribunal to review the TPB decision. On 30 May 2025, Seeto withdrew his application.
De Cure said: “It is unacceptable that an experienced tax practitioner who held a privileged position in the tax community would engage in such behaviour. He does not have the requisite good character and integrity necessary to be entitled to the privileges that registration gives him."
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