Document ID: chunk:federal_register_of_legislation:C2023A00101:clause:3_1
Version: federal_register_of_legislation:C2023A00101
Segment Type: clause
Provision Reference: sch 3 cl 1
Character Range: 28459–29265

1  Section 2‑5
Repeal the section, substitute:

2‑5  Object
 (1) The object of this Act is to support public trust and confidence in the integrity of the tax profession and of the tax system by ensuring that *tax agent services are provided to the community in accordance with appropriate standards of professional and ethical conduct.
 (2) This is to be achieved by (among other things) providing for:
 (a) the registration and regulation, by a national Board, of entities that provide *tax agent services; and
 (b) a *Code of Professional Conduct for *registered tax agents and BAS agents; and
 (c) sanctions to discipline entities in relation to their conduct as a *registered tax agent or BAS agent; and
 (d) sanctions where tax agent services are provided otherwise than in accordance with this Act.