Tax agent loses Federal Court battle to TPB

federal court tax agent Tax Practitioners Board TPB AAT Ian Klug

15 November 2019
| By Chris Dastoor |
image
image
expand image

Former tax agent Rudy Frugtniet has failed in his bid to overturn the Tax Practitioners Board (TPB) termination of his registration in the Federal Court of Australia, after six years of litigation.

His registration was terminated in January 2013 which precluded him from applying for registration for five years on this basis he was not fit and proper.

The decision was based on his history of misconduct, being disqualified from legal practice, making false statements to a court and client, and failing to disclose these matters while applying as a tax agent.

Frugtniet pursued legal action against the TPB, which included two Administrative Appeal Tribunal (AAT) reviews and three Federal Court appeals which led to this final full Federal Court decision.

Ian Klug, TPB chair, said in addition to law clarification, their litigation program supported these types of actions.

“We recognise that litigation is an expensive and lengthy process, however, the TPB is committed to taking appropriate action to ensure just outcomes and to deter poor conduct,” Klug said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

3 days 11 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 week ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 5 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....

3 weeks ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

6 days 15 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

5 days 18 hours ago