Submissions

  • Aged Care Bill 2024 [Provisions] (“the Bill”)

    Chartered Accountants Australia and New Zealand, CPA Australia, and the Institute of Public Accountants are the peak professional bodies for professional accountants, tax sector and financial advice. We make this submission on the Bill on behalf of our members and in the public interest.

  • Draft Taxation Determination TD 2024/D2 and Draft PCG 2024/D1 - Section 99B

    Chartered Accountants Australia and New Zealand, CPA Australia, Institute of Public Accountants, and The Tax Institute (together, the Joint Bodies) write to you as the peak professional accounting and tax practitioner bodies in Australia representing the tax profession. The Joint Bodies make this submission to the Australian Taxation Office (ATO) in relation to the draft Taxation Determination (TD 2024/D2) Income tax: factors taken into account in applying the exceptions to section 99B of the Income Tax Assessment Act 1936 contained in paragraphs 99B(2)(a) and 99B(2)(b) (Draft TD) and the draft Practical Compliance Guideline (PCG 2024/D1) Section 99B of the Income Tax Assessment Act 1936 (Cth) – ATO compliance approach (Draft PCG).

  • Regulation of accounting, auditing and consulting firms in Australia

    This submission has been prepared by Professors Peter Carey and George Tanewski, who are both accounting academics employed in the Department of Accounting, Deakin Business School, Deakin University, Victoria. Professor Carey specialises in reporting and auditing research, with a focus on audit markets and audit quality. Professor Tanewski’s research specialises in disclosure matters related to financial reporting and corporate governance with a focus on private companies and the SME sector. He is also director and research leader in the IPA-Deakin SME Research Centre.

  • Consultation paper – Response to PwC – Review of the eligibility requirements for tax practitioners registration with the Tax Practitioners Board (Consultation Paper)

    The consultation paper makes reference to regulatory gaps been exposed as a result of the PWC incident. The direct linkage of these measures to the progress of ‘Government’s comprehensive response to the PwC tax leaks scandal’ is also inappropriate as there has not been any systemic failures of standards in the broader tax practitioner community. We should not be bundled with revelations of professional misconduct by a small number of large firms which is tainting perceptions that these issues are widespread.

  • Tax Agent Services (Code of Professional Conduct) Determination 2024

    The Joint Bodies write to you to express our strong concerns about the construct and implications of provisions of the legislative instrument registered on 2 July 2024, the Tax Agent Services (Code of Professional Conduct) Determination 2024 (the LI). The LI imposes additional obligations on registered tax and BAS agents (tax practitioners) under the Code of Professional Conduct (Code) in section 30-10 of the Tax Agent Services Act 2009 (TASA). This follows the release in December 2023 of an exposure draft of the LI (draft determination) for public consultation.

  • Proposed Financial Institutions Supervisory Levies for 2024–25

    CPA Australia, Chartered Accountants Australia and New Zealand (CA ANZ) and the Institute of Public ccountants ( P ) (“the Joint Accounting Bodies”) welcome the opportunity to provide a submission to Treasury on the Proposed Financial Institutions Supervisory Levies for 2024–25 Discussion Paper (“the Discussion Paper”), currently available for consultation.