Published Date: 11 Mar 2024
There have been a number of recent significant changes to the regulatory framework governing registered tax agents and registered BAS agents. The changes range from amended reporting requirements to new obligations being added to the Code of Professional Conduct, coupled with changes to the penalties associated with misconduct. The changing governance framework has caused significant concern among members of the profession. However, it is important to carefully analyse each measure and determine what they mean for tax practitioners. In this article, we briefly look at the historical landscape of the changes, examine the key measures introduced in the first tranche, and analyse their impact on the tax profession and the tax system.
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