In a message dated 1 March 2010, the Chair of the Tax Practitioners Board, Dale Boucher, said that with the new law coming into effect from 1 March 2010, it is important that agents who need to do so register within the time allowed.
If an agent is currently registered as a tax agent, their registration will continue under the new law. There is nothing they need to do until their registration expires and they wish to apply for re-registration. When their registration is due for renewal the Board will contact them with details on how to re-register.
For persons not currently registered, the Chair's message lists three ways in which a tax agent may become registered under the new legislation:
- Notify the Board under the transitional provisions
- Apply for tax agent registration under the transitional provisions
- Register under the new law.
On 1 March 2010, the Board also issued a media release in which Mr Boucher said a new Code of Professional Conduct will require agents to maintain high standards of honesty and integrity, as well as competence in the tax services they deliver. "A broader range of practitioners have new obligations, but the Board stands ready to help with the necessary information and services," he said.
For a copy of the media release, go here and click on 01 Mar 1010 - Tax Practitioners Board Commencement 1 March