Chapter 9: Tax Agents
Learning Outcome Describe the duties, obligations and requirements for registration as a tax agent and the regulatory framework within which tax agents operate.
Regulatory framework for tax agents:
The Tax Agent Services Act 2009 Tax Agent Services Regulations
Tax Practitioners Board
Procedural requirements for registration and re-registration as a tax agent, including the requirement to be of a “fit and proper person”.
Academic and relevant experience requirements for registration as a tax agent.
Ethics and Professional responsibility of tax agents:
Code of Professional Conduct Continuing Professional Education
Charging of fees
False representations Supervision and control
Professional indemnity insurance requirements
Safe Harbour protection.
Engagement Letter and Tax Return Checklist.
Tax agent lodgment program.
Circumstances in which tax agent registration may be terminated.
Right of appeal against Tax Practitioners Board decisions.
Circumstances in which the Tax Practitioners Board must be notified.
Online services for tax agents.
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