The Tax Practitioners Board (TPB) launched its Plan for 2024–25, dedicated to building on the TPB’s relationships with the profession, the public and key stakeholders, and support the government’s reform agenda.

The TPB Chair, Peter de Cure AM, presents the TPB's direction for the next year in the Plan. He emphasises that the TPB values the integral role that tax practitioners, coregulators and professional associations, play in maintaining the integrity of the tax profession and the tax system.

The TPB Plan sets out the roadmap for the organisation. It focuses on 4 key areas for improvement: 

1. Ready our people, technology, and culture for the future
2. Foster opportunities to collaborate and partner
3. Make it easy for tax practitioners to work with us
4. Strengthen our regulation practice.

Some of the main actions in the Corporate Plan are to drive reform, understand tax practitioner behaviour to better target compliance activities and increase confidence through transparency.

Mr de Cure highlighted that the next 12 months will bring continued improvements to professional standards arising from government reforms designed to strengthen the integrity of the profession. The reforms will enhance the Code of Professional Conduct, ensure that the TPB has appropriate powers and penalties, and improve the secrecy and oversight frameworks that guide the TPB’s operations.

He emphasised that these reforms will further contribute to levelling the playing field for all tax practitioners and build public confidence and trust in the tax profession as well as the tax and regulatory systems.

Mr de Cure states that the TPB will investigate and act against unregistered preparers and those who are non-compliant with the Tax Agent Services Act 2009. Responsive to the expectations of the community, together the TPB will continue to build public trust and confidence in the integrity of the tax profession and the tax system.