The Tax Practitioners Board has finalised the following information sheets:
- TPB(I) 17/2013 (Code of Professional Conduct – Reasonable care to ascertain a client’s state of affairs); and
- TPB(I) 18/2013 (Code of Professional Conduct – Reasonable care to ensure taxation laws are applied correctly).
The Information Sheets provide guidance for registered agents on the application of the Code of Professional Conduct (Code items 9 and 10) under the Tax Agent Services Act 2009 (TASA).
TPB Chair Ian Taylor said the information sheets “help and support registered tax and BAS agents to further understand and comply with their obligations under the Code. Further, they explain how the law operates practically through the use of examples that reflect day-to-day situations that tax practitioners may be faced with.”
Source: TPB media release, 21 November 2013
[LTN 226, 21/11/13]