Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024 (37 of 2024)

Schedule 3 PwC response - Tax Practitioners Board reform

Repeal the subsection, substitute:

Powers to make reviewable decisions

(2) A power to make a reviewable decision (other than a decision covered by subsection (2A)):

(a) must not be delegated under paragraph (1)(a), (c) or (d); and

(b) may be delegated to a *committee under paragraph (1)(b) only if:

(i) the committee has 3 members or more; and

(ii) all members of the committee are *Board members.

Note: For reviewable decision , see subsection (5).

(2A) This subsection covers the following reviewable decisions:

(a) a decision to terminate the registration of an individual under subsection 40-5(2);

(b) a decision to terminate the registration of a partnership under subsection 40-10(2);

Other matters