The Tax Administration and Tax Agent Services Legislation Amendment Regulation 2013 was registered Mon 17.6.2013. It amends the Corporations (Fees) Regulations 2001, Tax Agent Services Regulations 2009 and Taxation Administration Regulations 1976 to:
- allow the Tax Practitioners Board (TPB) and ASIC to more easily share information. This, in part, enables the TPB and ASIC to prepare for the proposed regulatory regime for financial advisers that provide tax advice;
- amend these eligibility requirements for registration with the TPB to ensure that those individuals who apply for registration, including renewal, from 1 March 2013, and who had been previously registered under the former tax agent services regime, do not have to complete such a course in commercial law;
- amend the Taxation Administration Regulations 1976 to prescribe the National Anti-Gang Taskforce (NAGT) as a taskforce that can receive, or have disclosed to it, protected information that is for, or in connection with, a purpose of the NAGT. Protected information is generally tax-related information that could reasonably be used to identify a taxpayer.
[LTN 114, 17/6/13]