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On 13 January 2009, the Taxation Institute lodged a submission with the Senate Economics Committee in relation to the Committee’s inquiry into the Tax Agent Services Bill 2008 (TAS Bill 2008).

The submission states that the Taxation Institute supports the introduction of the TAS Bill 2008 for a properly regulated tax profession and protection for the consumer.  Subject to some issues of detail mentioned in the submission, the Taxation Institute supports the general overhaul of the regulatory framework as set out in the TAS Bill 2008 and acknowledges it as being a necessary response to the significant changes that have occurred in the way that tax professionals operate within an increasingly complex tax environment.  

For a copy of the Taxation Institute's submission, go here.

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