Tax Agent

Issued: 6 March 2020

Last modified: 6 March 2020

Date of decision: 30 January 2020

The Board Conduct Committee (BCC) considered the conduct of a registered tax agent who became an undischarged bankrupt in December 2018.

It was found that the tax agent had incurred a personal income tax debt of over $55,000 and a superannuation guarantee charge (SGC) director penalty debt of over $350,000. The tax agent had been declared bankrupt as a result of these debts.

An associated entity had accumulated a business activity statement (BAS) debt of over $840,000 and an SGC debt of over $625,000.

The tax agent failed to respond to the Board’s requests for information.

On the basis of the above findings, the Board Conduct Committee (BCC) determined that the tax agent had ceased to meet the registration requirement of being a fit and proper person. The BCC terminated the agent’s registration and imposed a two-year ban on the agent from applying for registration.