CA ANZ and other professional bodies have written a joint letter to the Assistant Treasurer calling for more progress on the remaining recommendations from the review of the tax practitioner’s board.
The remaining recommendations include:
- The need for the TPB to be independent (particularly from the ATO). The joint bodies call for further consultation to consider how best to ensure substantive operational and financial independence of the TPB.
- More contemporary and accessible education and experience requirements to be reflected in the Tax Agent Services Regulations (TASR).
- Improving the TPB’s ability to deal with breaches of the TASA and increasing the level of publicly available information.