Who must comply with TASA Code Determinations from 1 August 2024?

Tax practitioner code reformed via Code Determinations — false + misleading statements + supervision + breach reporting.

Tax Agent Services (Code of Professional Conduct) Determination 2024 commenced 1 August 2024. Strengthened obligations re: confidentiality, false + misleading statements, supervision + arrangements, breach reporting to TPB.

Applies when the business has industry: Accountants & bookkeepers.

How the regulator frames it: All registered tax + BAS agents.

What triggers it: Continuous obligations + breach events.

Jurisdiction: Commonwealth law, so the test is the same in every state and territory.

Outcome across the 35 industries Rules Mate maps (1 of 35: yes; 34 of 35: no).

Structure does not change the answer in accountants & bookkeepers: for every structure the answer is "yes".

Size does not change the answer in accountants & bookkeepers: at every size band the answer is "yes".

Each line is one run of the Rules Mate applicability engine for a single business profile, with the reason the engine gives:

• Pty Ltd company in accountants & bookkeepers with 6–19 employees, turnover $1M–$3M: applies. Industry: Accountants & bookkeepers.
• Pty Ltd company in real estate agents with 6–19 employees, turnover $1M–$3M: does not apply. Requires industry: Accountants & bookkeepers.

When due

Ongoing; significant breach notifications within 30 days.

Frequency

Ongoing

Evidence to keep

Internal compliance framework + breach register + supervision arrangements.

In force from

1 August 2024

Status

Current

Priority

Critical

No maximum penalty is recorded for this obligation in the Rules Mate corpus; check the regulator source below.

Rules Mate has not yet classified the audit or assurance level for this obligation. Any audit, review or certification requirement is set by the regulator source listed below.

• Australian Business Number (ABN) application: Entities carrying on an enterprise in Australia need an ABN — without one, payers must withhold 47% PAYG from your payments. How to apply and who's eligible.
• Lodge Business Activity Statements at assigned frequency: GST-registered entities must lodge a BAS monthly, quarterly or annually as the ATO assigns.
• Make trustee resolutions for trust distributions by 30 June: Discretionary trust trustees must validly resolve to distribute trust income before the end of the FY.
• Pay company PAYG/GST/SG or face Director Penalty Notice (DPN): Directors personally liable for unpaid company PAYG, GST + SG via DPN regime.
• Withhold PAYG from employee and contractor payments: Employers must withhold tax from wages, certain contractor payments + report via STP / BAS.

Across the 1,890 business profiles Rules Mate evaluates, these obligations apply to most of the businesses this one applies to, and are far more common among them than among businesses generally:

• APES 110 Code of Ethics for accountants: applies to 100% of the same businesses (35.0× the overall rate)
• Comply with the TASA Code of Professional Conduct: applies to 100% of the same businesses (35.0× the overall rate)
• Maintain TPB registration (tax/BAS agents): applies to 100% of the same businesses (35.0× the overall rate)
• Designate an AML/CTF Compliance Officer: applies to 100% of the same businesses (4.4× the overall rate)
• Enrol with AUSTRAC as a reporting entity: applies to 100% of the same businesses (4.4× the overall rate)
• Maintain a written AML/CTF program: applies to 100% of the same businesses (4.4× the overall rate)

Rules Mate tracks 37 published obligations tagged "tax", 6 of them rated critical. For a professional services Pty Ltd company with 6–19 employees operating in every state, 7 of those apply outright. This obligation is rated critical priority, and is an ongoing duty.

Regulated by Tax Practitioners Board.

TPB: Federal regulator of tax + BAS agents under the Tax Agent Services Act 2009.

• Tax Practitioners Board

TASA: Establishes the Tax Practitioners Board + regulates tax agents, BAS agents + tax (financial) advisers.

• Tax Agent Services Act 2009

Free tools that help with this obligation:

• GST registration scope
• FBT calculator
• Compliance calendar builder