Document ID: chunk:federal_register_of_legislation:C2025C00107:body:0:p5
Version: federal_register_of_legislation:C2025C00107
Segment Type: other
Provision Reference: 
Character Range: 15406–18123

administration of Act
  The Board has the general administration of this Act.

Division 2—Overview of this Act

Table of Subdivisions
2‑A Objects
2‑B Guide

Subdivision 2‑A—Objects

Table of sections
2‑5 Object

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.

Subdivision 2‑B—Guide

Table of sections
2‑10 General guide to each Part

2‑10  General guide to each Part
 (1) You need to be registered to provide *tax agent services for a fee or to engage in other conduct connected with providing such services. Part 2 sets out the requirements for registration.
 (2) Once registered, you must comply with several requirements, in particular, the *Code of Professional Conduct. The Code is set out in Part 3.
 (3) Part 4 sets out the circumstances in which your registration can be terminated.
 (4) Part 5 provides for civil penalties aimed at ensuring your compliance with this Act.
 (5) Part 6 establishes the Tax Practitioners Board and sets out the Board's functions and powers. The Board may investigate breaches of this Act and has certain reporting obligations.
 (6) Part 7 contains miscellaneous provisions, mainly administrative and machinery provisions relating to the operation of this Act.
 (7) Part 8 contains the Dictionary, which sets out a list of most of the terms that are defined in this Act. It also sets out the meanings of some important concepts and rules on how to interpret this Act.

Division 3—Explanation of the use of defined terms

Table of sections
3‑5 When defined terms are identified
3‑10 When defined terms are not identified

3‑5  When defined terms are identified
 (1) Many of the terms used in this Act are defined in the Dictionary, starting at section 995‑1, to the Income Tax Assessment Act 1997. However, some terms used in this Act are only defined in this Act.
Note: Expressions in the Income Tax Assessment Act 1997 (other than the expression "this Act") have the same meaning in this Act as well, see subsection 90‑1(2).
 (2) Most defined terms in this Act and the