SMSF Association Submission – SMSFA – Response to PwC – Review of eligibility requirements for registration with the Tax Practitioners Board (Consultation Paper)

The SMSF Association welcomes the opportunity to provide this submission in response to the
Review of eligibility requirements for registration with the Tax Practitioners Board consultation paper.

The SMSF Association supports the objective of ensuring a robust and fit-for-purpose registration
regime that will support and reinforce the long-term sustainability of the profession and enhance community confidence in tax practitioners and the services they provide.

Many of the proposals, as presented, could have a significant regulatory and cost impact on both current and prospective tax practitioners. They do not clearly demonstrate the public policy problem
that necessitates reform. They also fail to clearly articulate their objectives and lack consideration
for other interrelated issues and measures. This has made it difficult to respond meaningfully to all
proposed questions in the consultation paper.