Safe harbour provisions

From 1 March 2010, the Tax Agent Services laws take effect. The new laws make sure that services that registered tax agents provide to the public are of an appropriate ethical and professional standard. They also provide taxpayers with a safe harbour from some administrative penalties. Under the safe harbour provisions, taxpayers who use a registered…

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New laws for Tax Agents and taxpayers using them

The new legislative framework for tax agent services was first announced on 6 April 1998. The Bill is designed to give effect to reforms to the registration and regulation of tax practitioners, including bookkeepers who provide a business activity statement (BAS) service for a fee. The key elements of the regulatory reforms in this package are: a…

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