Independent Review – The Treasury
On 27 November 2020, the Government published the final report of the Review of the Tax Practitioners Board and the Government response to the review.
On 5 March 2019, the Government announced the independent review into the effectiveness of the Tax Practitioners Board and the Tax Agent Services Act 2009 to ensure that tax agent services are provided to the public in accordance with appropriate professional and ethical standards.
The Treasury has certified the final report of the Review of the Tax Practitioners Board, as a process and analysis equivalent to a Regulation Impact Statement (RIS). The Office of Best Practice Regulation (OBPR) does not assess the quality of independent reviews, but does assess whether the options analysed in the independent review are relevant to the regulatory proposal. The OBPR assessed that the options analysed in the independent review are sufficiently relevant to the regulatory proposal.
The regulatory costs for this proposal are estimated at $0.4 million per year. A regulatory offset has not been identified.
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