Treasury Laws Amendment (2023 Measures No. 1) Act 2023 (101 of 2023)

Schedule 3   Government response to the Review of the Tax Practitioners Board

Part 1   Obligations relating to the provision of tax agent services

Tax Agent Services Act 2009

1   Section 2-5

Repeal the section, substitute:

2-5 Object

(1) The object of this Act is to support public trust and confidence in the integrity of the tax profession and of the tax system by ensuring that *tax agent services are provided to the community in accordance with appropriate standards of professional and ethical conduct.

(2) This is to be achieved by (among other things) providing for:

(a) the registration and regulation, by a national Board, of entities that provide *tax agent services; and

(b) a *Code of Professional Conduct for *registered tax agents and BAS agents; and

(c) sanctions to discipline entities in relation to their conduct as a *registered tax agent or BAS agent; and

(d) sanctions where tax agent services are provided otherwise than in accordance with this Act.