Current laws don’t provide a way for regulators to give tax agents information that would enable them to investigate breach of ethics. Source: AAP Image/Lukas Coch
Rogue tax agents won’t be able to depend on secrecy provisions in laws to prevent disciplinary action being taken against them for ethical breaches by their associations if proposed laws pass federal parliament.
Treasury has issued amendments to laws for public comment that would permit the Australian Taxation Office (ATO) and the Tax Practitioners Board (TPB) to provide protected information to another agency or a professional disciplinary body where a person or organisation is suspected of breaching a breach of law or ethical standards.
Secrecy provisions were blamed by agencies for their inability to share certain information related to the PwC leaks scandal.
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