Recent events have exposed limitations in the current regulatory framework for tax practitioners and the broader system in which they operate. In August 2023, the Albanese Government announced a significant package of reforms to crack down on misconduct and rebuild confidence in the systems and structures that keep Australia's tax system and capital markets strong.

The purpose of this consultation paper is to seek stakeholder feedback and views on potential reforms that will enhance the Tax Practitioners Board’s registration requirements for tax practitioners, including tax agents and Business Activity Statement agents.

The principles outlined in this paper have not received government approval and are not yet law. As a consequence, this paper is merely a guide as to how the principles might operate.

Submissions close 7 August 2024.