Tax Agent Services Act (TASA)
TPB Information Sheets [2]
3 December 2024
This video is the second in the series on information sheets released by the Tax Practitioners Board. It covers 3 of the draft information sheets in relation to Code Item 17. These are [1] TPB(I) D59/2024 – Obligation to keep proper client records of tax agent services [2] TPB(I) D60/2024 – Supervision, competency and quality management [3] TPB(I) D61/2024 – Keeping your client informed. 74 minutes.
TPB Information Sheets [1]
19 November 2024
This video covers two draft information sheets produced by the Tax Practitioners Board. These are [1] TPB(I) D56/2024 – Upholding and promoting the ethical standards of the tax profession [2] False or misleading statements. 69 minutes.
Code 17 Proposed Changes
6 August 2024
This video covers the very controversial changes proposed to the Code of Professional Conduct to be made by a legislative instrument that would enact the Code 17 changes. These changes place a raft of new obligations on tax and BAS agents. These include the client ‘dob-in’ provisions, ensuring competence, maintaining a quality control system, keeping clients informed and other changes. NOTE: Aspects of proposed Code 17 were changed following the production of this video. See later videos. 66 minutes.
Significant Breach Reporting
16 May 2024
This video covers the important changes to TASA regarding what has been commonly called the ‘dob-in’ provisions for tax agents. While not strictly a Code of Professional Conduct change, these new changes, which operated from 1 July 2024, require tax agents to self-report their own mistakes and also those of other tax agents. 67 minutes.
Tax Agent Services Act Changes
16 January 2024
This video covers [1] The Code 15 changes relating to disqualified entities [2] The Code 16 changes relating to arrangements with disqualified entities [3] Transitional provisions in relation to Code 15 and 16 [4] Consequences for failing to comply with the changes [5] The significant breach notification requirements proposed for 1 July 2024. 67 minutes.