Published on 29 Jun 21
by THE TAX INSTITUTE
The Tax Institute welcomes the opportunity to make a submission in response to the Tax Practitioners Board’s (TPB) Exposure Draft Information Sheet TPB(I) D46/2021 Supervisory arrangements under the Tax Agent Services Act 2009 (TASA) (Exposure Draft) issued on 31 May 2021.
We have engaged with our National Technical Committees in the development of our submission and note that we have received no negative feedback in relation to the Exposure Draft. Accordingly, our submission seeks to commend the TPB on the consultation process it has undertaken to enhance the guidance provided on supervisory arrangements. We also recommend an amendment to an example within the Exposure Draft for the TPB’s consideration in the finalised document.
The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding.
We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.