TPB launches new 2022–23 Corporate Plan with an agenda for excellence

TPB chair Ian Klug said in the next 12 months, the TPB will strive for excellence in itself and the profession it regulates acknowledging the important role the TPB plays in ensuring the public received excellent service from tax professionals.

He said the TPB will also strive to build on successful outcomes achieved in the past year and to support government areas of focus and reform.

Mr Klug said in the next 12 months the TPB will continue to ease the regulatory burden on tax practitioners and reduce red tape, while ensuring that standards are maintained that will help the TPB focus on education, and support compliant tax practitioners to stay compliant.

“The pace of automation will accelerate in 2022–23 as we bring new technologies online, including our new customer relationship management software,” he said.

Additionally, he said the TPB will continue to work closely with the Australian Taxation Office (ATO), and other whole-of-government partners, to deliver a robust system of regulation.

“This will enhance community confidence in the integrity of the tax system and uphold the high standards expected of the profession by the public. This is good for the profession, government and consumers: everyone wins,” Mr Klug said.

“Unfortunately, we expect that a small minority of tax practitioners will not meet the required standards of professionalism and ethics expected of them and this will require more stringent action by the TPB to remove them from the tax system. The nation can trust that we will pursue wrongdoing by tax practitioners and activity by unregistered preparers to the full extent of our resources and powers.”

The Corporate Plan outlined that the TPB shares a vision across the organisation to be a leading, independent, government regulator that drives reform and uses best-practice methodologies to ensure that the tax profession is worthy of our community’s trust.