A tax agent company and individual (sole director) had their registration terminated after it was found they had a tax and superannuation debt of over $1.4 million.

The investigation identified that the entities had failed to comply with their personal taxation obligations due to the significant and overdue debt amounts. Further, the individual practitioner had recently been found guilty of 20 counts of theft and one count of false accounting. They also acted dishonestly by failing to disclose these convictions in their annual declaration and application for renewal. 

In terminating the company and individual registration, the Board Conduct Committee determined that they may not apply for registration under the Tax Agent Services Act 2009 for five years.