Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Tax agents banned following consumer complaints

Tax-Practitioners-Board/TPB/ATO/australian-taxation-office/regulation/ian-taylor/tax/tax-agents/

17 January 2019
| By Hannah Wootton |
image
image image
expand image

Two registered tax agents, QTR Accountants and Nicoh Group, have had their registrations terminated following 19 consumer complaints that they had not passed on 2017-18 tax refunds to their clients.

A further 200 complainants came forward in an urgent investigation by the Tax Practitioners Board (TPB) and Australian Taxation Office (ATO), with the former saying these supported its decision to terminate the agents’ registrations.

“It is extremely disappointing that registered tax practitioners showed such disregard for the professional and ethical standards we aim to uphold,” TPB chair, Ian Taylor, said of the two offending agents.

He warned that this case was indicative of the investigative work the TPB was currently undertaking to ensure the profession was properly regulated.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week 2 days ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 4 days ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

1 day 19 hours ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND