Unexplained Wealth Legislation Amendment Bill 2018 – relies on States referring powers for National Co-operative Scheme on the Proceeds of Crime

Tax Month - August 2018

The Unexplained Wealth Legislation Amendment Bill 2018 was introduced into the Lower House on 20 June 2018; was referred to the Senate Legal and Constitutional Affairs Legislation Committee on 28 June 2018, which reported on 14 August 2018; and moved to the Senate on 21 August 2018. It will amend the Proceeds of Crime Act 2002 (POC…

Dadwal v TPB – Tax agent not a fit and proper person in light of 3 indecent assaults, 15 years on sex offenders register; evasiveness or dishonesty before and after conviction

Tax Month - August 2018

The AAT has confirmed a Tax Practitioners Board’s decision to terminate a tax agent’s registration because he was not a fit and proper person. In March 2016 the Board terminated the applicant’s registration as a tax agent as it did not consider he was a “fit and proper person”, as required by s 20-5 of the Tax Agents…