AAT upholds TPB’s decision-making approach

23 August 2018
| By Hannah Wootton |
image
image
expand image

The Administrative Appeals Tribunal (AAT) has affirmed the Tax Practitioners Board’s (TPB’s) termination for tax agent Ranjit Dadwal’s tax agent registration, and the Board’s decision to impose a two-year ban for a re-application for registration.

The TPB made this decision as it found that Dadwal was not a fit and proper person to hold such a registration, as required by the Tax Agent Services Act 2009, as he had criminal convictions and had also failed to disclose those convictions in his annual declaration to the Board.

In this decision, the TPB followed an approach that even if a person’s behaviour doesn’t involve professional misconduct, it could still demonstrate qualities that would lead to a conclusion that they are not fit and proper under the Act. The AAT affirmed this approach.

The AAT also drew attention to Dadwal’s reluctance to take responsibility for his “lack of candour, honesty and integrity” in his dealings with regulatory and professional bodies.

It found that he had engaged in serious criminal conduct, presenting a risk to the reputation of the profession of registered tax agents. This was compounded by his non-disclosure of said conduct, and his false and misleading statements intended to downplay and cover up the conduct.

Dadwal would have until 12 September, this year, to appeal the AAT’s decision.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 4 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago