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Taxation Institute Welcomes New Tax Practitioners Board on appointment

Publication date: 23 Oct 09 | Source: THE TAX INSTITUTE

Australia's premier professional tax body, the Taxation Institute of Australia, today welcomed the appointment of the new Chairman and other members of the new Tax Practitioners Board.

Taxation Institute CEO, Noel Rowland said, with the impending commencement date of 1 January 2010, the Taxation Institute is keen for the new Board to give its urgent attention to guiding Tax and BAS agents on key elements of the new regime.  

"The Institute is eager to see the Board give its immediate attention to providing guidance on how key elements of the regime will work, including the code of conduct, safe harbours and supervision requirements, so that agents can easily transition to the new rules," Noel Rowland said.

"We are pleased to hear the Minister advise he had heard the Institute's and other professional associations' concerns about certain aspects of the draft regulations and that new features are being included in the final form of the regulations to address these concerns. It is critical that these regulations are finalised as they contain the important detail on the new registration requirements for tax and BAS agents and the requirements for becoming a Recognised Tax Agent Association," said Noel Rowland.

"We look forward to the new regulations being  finalised as soon as possible, so that Tax and BAS agents and the Professional Associations who become Recognised Tax Agent Associations under the new rules can be ready for the 1 January 2010 commencement date", added Noel Rowland.

For further comment on this or other tax matters contact Noel Rowland on 0414 278 279.
 
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Media Contacts: Noel Rowland, CEO - Taxation Institute of Australia on 0414-278-279
                              Anna Mirzayan, General Manager, Marketing - Taxation Institute of Australia on
                              T: (02) 8223 0061 or M: 0414 241 149 or annamirzayan@taxinstitute.com.au