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  2023

Understand the latest changes to your TASA obligations

Published Date: 30 Nov 2023

 

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Following amendments to the Tax Agent Services Act 2009 (Cth) (TASA), this essential session is a must-watch for all tax practitioners.

Under the first tranche of measures, tax practitioners will have more obligations under TASA and need to understand how the changes will affect them.

Under the second tranche of measures, all tax practitioners need to understand the impact of further amendments proposed to be made to the Taxation Administration Act 1953 (Cth) and the powers of the Tax Practitioners Board (TPB).

The session includes:

  • New Code item 15 which will require entities that provide tax agent services to obtain the TPB’s approval to employ or use a disqualified entity
  • The change to annual TPB registration
  • The new ‘community representative’ provisions that will limit who can be appointed as a Board member (of the TPB)
  • The new ‘dob-in’ provisions for breaches of TASA that are ‘significant breaches’
  • Proposed changes under the second tranche of measures, including changes to the promoter penalty provisions.

Individual Session

Author(s): Robyn Jacobson CTA
Materials from this session:

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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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