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Showing 21 - 30 of 77 results for "TPB"

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... in the right direction." However, the FPA wants improvements in the tax (financial) advice proposals. Under the bill, the TPB still has the responsibility for the Corporate Authorised Representative (CARs) and AFSL registrations, meaning compliance with ...

Draft advice reforms not enough: FPA

JAMIE WILLIAMSON  |  WEDNESDAY, 19 MAY 2021
... doesn't really achieve its goal as it still requires AFSLs and corporate authorised representatives to be registered with the TPB. "The FPA continues to believe that the best outcomes for both financial planners and consumers come about when the government ...

Dodgy SMSF operator loses appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
The Tax Practitioners Board (TPB) decision to terminate a Perth tax practitioner has been upheld by the Administrative Appeals Tribunal. Ashley Cross was found to have falsely lodged 125 SMSF annual returns over nine years which declared that self-managed ...

Jail time for tax adviser

ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
... companies, were also fined over $640,000 for multiple offences under the Tax Agent Services Act 2009. The Tax Practitioners Board (TPB) said it was a welcome outcome, and expressed concern that Hacker had continued to act illegally throughout the protracted ...

Government backs disciplinary body in principle

KARREN VERGARA  |  MONDAY, 30 NOV 2020
... principle" in response to the independent review of the Tax Practitioners Board. In announcing its support for the review of the TPB and the Tax Agent Services Act 2009 last week, the federal government said it supports Recommendation 7.1, which calls ...

Fake tax agent penalised

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... Caolboy from providing tax agent or BAS services for three years and remains unregistered from the Tax Practitioners Board (TPB). Justice Michael Wheelahan noted that Caolboy's actions were at the "serious end of the spectrum" as her clients had their ...

BAS agents to expand service offering

ANNABELLE DICKSON  |  FRIDAY, 6 NOV 2020
... This expansion builds on the services that BAS agents have already been providing under the previous legislative instrument. TPB chair Ian Klug said the consultation process was positively supported by stakeholders. "The new legislative instrument provides ...

Crackdown on SAN misuse continues

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
... crackdown on SAN misuse. Following a referral from the ATO in relation to identified SAN misuse, the Tax Practitioners Board (TPB) terminated the registration of an agent. The TPB said the agent had made false and misleading statements in various annual ...

Calls to axe TPB for financial advisers

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
There are calls to stop financial advisers having to register for the Tax Practitioners Board (TPB) after a recent reshuffle of the board has seen the regulator without an advice representative. Writing for FS Advice, Lifespan Financial Planning chief ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... applying discipline. "A number of these functions currently exist in other government agencies, including FASEA, ASIC and the TPB. Rather than duplicate them, the single government body should assume these functions. The FPA believes advisers should ...