This statement was amended on 20 July 2023 to correct an error which had referred to the ‘removal’ of four partners who were previously named. The statement has been updated to refer to the earlier release by PwC of the names of four other partners who had previously left PwC. The Tax Institute sincerely apologises to those impacted by the former misdescription.
SYDNEY, 3 July 2023: PwC’s investigation into its handling of confidential Treasury information has resulted in eight partners having exited or being removed from the partnership. This follows the earlier release by PwC of the names of four other partners who had previously left PwC. In response, The Tax Institute is reviewing those individuals with current Tax Institute membership and commencing disciplinary procedures in accordance with our by-laws.
The Tax Institute takes professional obligations very seriously.
The Tax Institute’s Chair, Clare Mazzetti, says, ‘We take our responsibility to take action where a member is found guilty of misconduct seriously. We require the highest standard of conduct from our members, and in turn, our members expect that we will enforce those standards in cases such as this. We are committed to doing so.’
Richard Gregg, Peter Konidaris, Eddy Moussa and Wayne Plummer hold current memberships with The Tax Institute. Their status is now under review by The Tax Institute’s Board.
‘Upon identification of these individuals, our Board met to discuss immediate action that needed to be taken. An internal investigation has been launched and disciplinary measures, up to and including revoking memberships, may be undertaken in due course. Eddy Moussa has also relinquished his position on Councils and Boards for The Tax Institute and The Tax Institute Higher Education, effective immediately.’
The Tax Institute’s President, Marg Marshall, says, ‘This whole situation is deeply disappointing and is not what The Tax Institute, nor the wider tax profession, expects and stands for. On the whole, our members are dedicated, principled professionals who act with integrity and in the best interests of their clients, the profession and the Australian economy. Our governance procedures are in place to ensure these values are upheld and our members can rest assured that we are working in their best interest.’
As inquiries into the matter are ongoing, we cannot publicly comment further at this time. We thank our members for their support as we deal with this matter and assure them that we hold our community standards in the utmost regard.