Joint Submission with CPA Australia, Chartered Accountants Australia & New Zealand, Institute of Public Accountants, The Tax Institute, Law Council of Australia, Corporate Tax Association, The Institute of Certified Bookkeepers, Australian Bookkeeepers Association, Financial Planning Association of Australia and the SMSF Association.
The external members of the Tax Practitioner Governance and Standards Forum (TPGSF), seek The Tax Practitioners Board’s consideration of the following issues of common interest related to the implementation of the recommendations made in Tax Practitioners Board Review Final Report Recommendations (the Final Report).
The recommendations, when taken in their totality, have potentially significant impacts on the regulation of tax practitioners. We believe that it is critical that their implementation is carefully managed to ensure that the intended outcomes are achieved without major disruption to the vast majority of tax practitioners who provide professional and high-quality services to their clients. As such, we greatly value ongoing dialogue with Government, Treasury and the TPB to ensure that the views of the external members, as representatives of the tax profession, inform and are reflected in the details of the legislative and administrative responses.