Comply with the TASA Code of Professional Conduct
Tax practitioners must observe honesty, competence, confidentiality, PI insurance, and (from 2025) expanded breach reporting.
Who must comply
Registered tax agents, BAS agents, tax (financial) advisers.
What triggers it
Providing tax agent or BAS services for a fee.
When due
Continuous; specific events trigger breach reports.
Evidence required
PI insurance, CPE log, conflict register, breach register, client engagement letters.
Max penalty
Suspension or termination of registration; civil penalties up to $1.65M for unregistered conduct
Summary
Section 30-10 of the Tax Agent Services Act 2009 sets the Code of Professional Conduct. From 1 January 2025, the Code is supplemented by significantly expanded breach and false-and-misleading-statement obligations under the 2024 Determinations, plus new client engagement requirements.
Enforced by
Source legislation
Industries
Topics
Related obligations
- CWLTHComply with Aged Care Code of ConductAll providers + workers must comply with the federal Aged Care Code of Conduct.
- CWLTHTASA Code Determinations from 1 August 2024Tax practitioner code reformed via Code Determinations — false + misleading statements + supervision + breach reporting.
- CWLTHMaintain TPB registration (tax/BAS agents)Tax agents and BAS agents must be registered with the TPB and comply with the Code of Professional Conduct.
Frequently asked questions
- Who must comply with the TASA Code of Professional Conduct?
- Registered tax agents, BAS agents, tax (financial) advisers.
- What triggers the TASA Code of Professional Conduct?
- Providing tax agent or BAS services for a fee.
- When is the TASA Code of Professional Conduct due?
- Continuous; specific events trigger breach reports.
- What is the maximum penalty for the TASA Code of Professional Conduct?
- Suspension or termination of registration; civil penalties up to $1.65M for unregistered conduct
- What evidence is required for the TASA Code of Professional Conduct?
- PI insurance, CPE log, conflict register, breach register, client engagement letters.
Source: https://tpb.gov.au/code-professional-conduct. Rules Mate is not a law firm. Always verify against the live regulator source before acting.