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Tax practitioner breach reporting and beyond

30 Aug 2024 12:00PM – 1:15PM AEST
Tax administration

$213.64 +GST

Audience

This training is recommended for:

  • Experienced tax practitioners
  • Accountants working in public practice
Audience

Learning outcomes

On completion of this webinar, you will understand:

  • When it is necessary to report a ‘significant breach’ of the Code — your own or another practitioner’s
  • What types of matters should be disclosed to clients
  • When it may be necessary to report a client who does not follow advice to amend a return
  • Implications of the new rules for onboarding new employees
  • The need to update practice management systems to comply with the new rules
  • The TPB’s preliminary views and transitional approach
Learning outcomes

Relevancy

This training was presented live on 30/08/2024.

Relevancy

CPD hours

CPD hours: This training provides 1.25 CPD hours. The Legislated CPD Hours breakdown for financial advisers is as follows:  

  • Professionalism & ethics: 1.25 CPD hours 
CPD hours

Breach reporting, Code of Conduct, disqualified practitioners, and what it means to your practice

The PwC scandal has resulted in a swathe of regulatory changes for registered tax and BAS agents, which impact practices of all sizes. This webinar will cover reforms which came into effect on 1 January, 1 July and 1 August 2024, including:

  • Significant breach reporting requirements — What is a significant breach? When must I report my own breach? When must I report a fellow practitioner’s breach?
  • What are the mandatory disclosures I must make to clients — What is a material matter? How do I make the disclosure?
  • Correction of material misstatements — Do I need to report a client who does not follow my advice to amend?
  • New requirements when onboarding new employees and other workers
  • Record keeping and quality management systems — new requirements to ensure practice management procedures are compliant.

 

This webinar will focus on the practical implications on tax agents and their clients, including practical tips and resources to help practitioners comply. We will also consider the TPB’s preliminary public statements and its first public guidance on the new Code obligations, which were released on 6 August. 

Karen Vella round

Presented by

Karen Vella
Senior Tax Trainer
TaxBanter / Knowledge Shop

This webinar is presented by our partners at Knowledge Shop.

Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The Accurium – General Terms and Conditions can be accessed here.
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