Your new obligations under TASA

Following amendments to the Tax Agent Services Act 2009 (Cth) (TASA), this essential session is a must-attend for all tax practitioners. Under the first tranche of measures, tax practitioners now 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).

Here are some key points we’ll delve into:

1. 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.

2. The change to annual TPB registration.

3. The new ‘community representative’ provisions that will limit who can be appointed as a Board member (of the TPB).

4. The new ‘dob-in’ provisions for breaches of TASA that are ‘significant breaches’.

5. Proposed changes under the second tranche of measures, including changes to the promoter penalty provisions.

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