The federal government is rewriting a controversial set of ethical rules for tax agents, relenting to some, but not all, of the sector’s most significant concerns.
Debate over the requirements levelled on tax and BAS agents entered a new phase on Wednesday, when the Treasury revealed its plan to further amend the Tax Agent Services (Code of Professional Conduct) Determination 2024.
That determination, signed into effect by Assistant Treasurer Stephen Jones in July and launching in 2025, adds new ethical standards and reporting requirements on top of those already prescribed by the sector’s Code of Professional Conduct.
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Senior Business Journalist
Focused on the small business sector, David’s work covers the political, regulatory, and economic issues facing Australian entrepreneurs. Prior to joining SmartCompany, he was a reporter for Business Insider Australia. You can follow him on LinkedIn.
