Tax agents banned following consumer complaints

17 January 2019
| By Hannah Wootton |
image
image
expand image

Two registered tax agents, QTR Accountants and Nicoh Group, have had their registrations terminated following 19 consumer complaints that they had not passed on 2017-18 tax refunds to their clients.

A further 200 complainants came forward in an urgent investigation by the Tax Practitioners Board (TPB) and Australian Taxation Office (ATO), with the former saying these supported its decision to terminate the agents’ registrations.

“It is extremely disappointing that registered tax practitioners showed such disregard for the professional and ethical standards we aim to uphold,” TPB chair, Ian Taylor, said of the two offending agents.

He warned that this case was indicative of the investigative work the TPB was currently undertaking to ensure the profession was properly regulated.

Read more about:

AUTHOR

 

Recommended for you

 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 1 day ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week 1 day ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 2 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND