In short
- This review considered whether the Tax Practitioners Board legislative framework delivers on its policy objectives to ensure that tax agent services are provided to the public in accordance with appropriate standards of professional and ethical conduct.
On 5 March 2019 the government announced an independent review into the effectiveness of the Tax Agent Services Act 2009 (the Act) and the Tax Agent Services Regulations 2009 to ensure that tax agent services are provided to the public in accordance with appropriate professional and ethical standards.
The Government has released the terms of reference for the review and has appointed Mr Keith James as an independent expert to lead the review.
The review will involve consultation with representatives from the accounting and taxation, consumer advocacy and education sectors, as well as with professional bodies, government regulators and agencies and the public. It provides an opportunity to evaluate current and future suitability and effectiveness of the legislative and governance framework, the regulation of the sector and to identify possible improvements.