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The Tax Practitioners Board (TPB) has published the second edition of its compliance booklet, entitled "Summary of penalties, sanctions and terminations".

The booklet provides a summary of some recent TPB compliance outcomes, including Federal Court, Administrative Appeals Tribunal and Board Conduct Committee matters.

The TPB says that it is now focused on agents meeting their obligations in respect of the Code of Professional Conduct (Code) contained in the Tax Agent Services Act 2009 (TASA).

The TPB says that it has raised its expectations of agents in relation to compliance with their obligations. This is due to the TPB investing significant resources in providing guidance and support to equip tax practitioners to understand and meet their obligations.

For more information and a copy of the booklet, go here

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