The Tax Practitioners Board (TPB) has finalised TPB Information Sheet TPB(I) 21/2014 Code of Professional Conduct – Confidentiality of client information.
The information sheet provides guidance on confidentiality of client information, which is one of the obligations for registered agents under item 6 of the Code of Professional Conduct in the Tax Agent Services Act 2009 (TASA). Code Item 6 states that “unless you have a legal duty to do so, you must not disclose any information relating to a client’s affairs to a third party without your client’s permission”.
The information sheet describes the principles, and includes practical examples of how to apply them in day-to-day situations that practitioners may encounter. It also outlines consequences for failing to comply with this particular Code item.
[LTN 153, 11/8/14]