The Tax Practitioners Code of Conduct & other measures
A Guide for Tax Practitioners
A guide to the practical impact of the tax practitioner reforms
Published 13 September 2024
The addition of eight new Code of Professional Conduct requirements, combined with breach reporting that came into effect on 1 July 2024, herald a new era of regulation for tax practitioners.
Practitioners are held accountable for their actions, the actions of those working with them to deliver tax and BAS agent services, to the community of tax practitioners, to Government, and to the community at large.
While many of the recent changes tighten existing obligations, others impose new rules.
Knowledge Shop's Guide to the Tax Practitioners Code of Conduct & other measures explores:
- The legislative and regulatory changes including dates of effect and transitional rule guidance
- The new code of conduct obligations - what is required, the likely impact, and the issues to consider to work with the new rules
- The disqualified entity rules
- The breach reporting requirements that came into effect on 1 July 2024
The guide was developed to assist Knowledge Shop members navigate the changes (see below).
As the consultation process for the eight new Code requirements progresses, we will keep the guide, and anyone that registers to receive it, up to date.
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