A Tax Practitioners Board (TPB) investigation or TPB Inquiry can result in the ultimate sanction of the loss of tax agent registration, so if you are facing a TPB investigation you should engage an experienced tax lawyer at the earliest opportunity.
It is a trite saying that: “’A man who is his own lawyer has a fool for a client.” Don’t make this mistake and respond to the TPB on your own behalf.
Your TPB’s Formal Disciplinary Investigations
If the Tax Practitioners Board reasonably believes that that you are in breach of the Code of Professional Conduct they will initiate a disciplinary investigation against you.
If this happens your tax agent registration may be at risk of cancellation.
The alleged breaches may include not acting with honesty and integrity; independence; confidentiality; and competence. These could arise in the following scenario
What type of sanctions can the Tax Practitioners Board impose?
The TPB can impose the following sanctions:
Message to tax agents – Waterhouse Lawyers can help: If you are being investigated by the TPB for suspected tax agent contraventions contact us now. WE are experienced in dealing with the ATO and have successfully represented tax agents at severe risk of losing their tax agent status.