In a media release issued on 29 October 2012, The Tax Practitioners Board (TPB) announced that its 2011-12 Annual Report was tabled in Parliament that day. The Annual Report focuses on the TPB’s achievements and the challenges over the last financial year.
Dale Boucher, Chair of the TPB said: "I am pleased with what the Board and the TPB has accomplished during this busy but rewarding year. Our vision is to bring all registered tax practitioners together under an effective regulatory framework for the benefit of the Australian community."
The TPB is particularly encouraged by the strong agent community of over 52,000 registered tax and BAS agents, finalising 18,786 tax and BAS agent registrations. The TPB has also improved the registration process, with the TPB renewing over 10,000 agent registrations.
During the 2011-12 period, the TPB secured the first civil penalty of $30,000 against an unregistered tax agent who was providing tax agent services while not being registered. The TPB has also progressed with a number of other cases.
"The success of the civil penalty against the unregistered agent demonstrated the TPB’s commitment to protecting consumers", said Mr Boucher.
Mr Boucher also issued a Message from the Chair on the same day.