22 Aug 14
On the TPB's client confidentiality Information Sheet
MEMBER 117 writes:
"I refer to the recently released Tax Practitioners Board Information Sheet TPB(I) 21/2014 entitled "Code of Professional Conduct - Confidentiality of client information".
So, after reading this, it seems that we cannot report improper tax agent activity about another tax agent without having the consent of the taxpayer to release information about the taxpayer's affairs, even where there may be sufficient evidence that the tax agent has not been doing the right thing by the client? How does the ATO expect good honest tax agents to report wrong doing by taxpayers and other tax agents? Surely, an exception must apply?"
TAX COUNSEL THILINI WICKRAMASURIYA COMMENTS: We are following this issue up with the Tax Practitioners Board and will let members know of the outcome.