A tax agent’s registration was terminated with a five-year non-application period when it was found they no longer met the fit and proper person requirements.  

It was alleged the tax agent had engaged in substantial forms of tax mischief by failing to: 

• disclose approximately $1 million in consolidated tax debt and overdue lodgement of more than 30 companies

• provide a refund to a client of close to $250,000

• advise the Board of the outcome of a debt management hearing when directed to do so

• have professional indemnity insurance coverage.

The agent also liquidated a client’s company without approval of the shareholders and was the sole director and secretary of another company which was established for a client’s benefit without disclosing or managing conflicts of interest.