Document ID: chunk:federal_register_of_legislation:C2023A00101:clause:3_27
Version: federal_register_of_legislation:C2023A00101
Segment Type: clause
Provision Reference: sch 3 cl 27
Character Range: 51897–52757

27  Subsection 90‑1(1)
Insert:
significant breach of the Code means a breach of the *Code of Professional Conduct by a *registered tax agent or BAS agent if the breach:
 (a) constitutes an indictable offence, or an offence involving dishonesty, under an *Australian law; or
 (b) results, or is likely to result, in material loss or damage to another entity (including the Commonwealth); or
 (c) is otherwise significant, including taking into account any one or more of the following:
 (i) the number or frequency of similar breaches by the agent;
 (ii) the impact of the breach on the agent's ability to provide *tax agent services;
 (iii) the extent to which the breach indicates that the agent's arrangements to ensure compliance with the Code are inadequate; or
  (d) is a breach of a kind prescribed by the regulations for the purposes of this paragraph.