Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024 (37 of 2024)
Schedule 1 PwC response - Promoter penalty law reform
Tax Agent Services Act 2009
4 At the end of section 20-45
Add:
(2) An event described in paragraph (1)(c), (d) or (da) does not affect your continued registration as a *registered tax agent or BAS agent if:
(a) you are a partner in a partnership; and
(b) you:
(i) did not aid, abet, counsel or procure the relevant act or omission; and
(ii) were not in any way knowingly concerned in, or party to, the relevant act or omission (whether directly or indirectly and whether by any act or omission of the partner).
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