Property 101: Professional conduct draft for tax advisers

Property 101: Professional conduct draft for tax advisers
Property 101: Professional conduct draft for tax advisers

Chair of the Tax Practitioners Board (TPB), Mr Ian Taylor, has  invited stakeholders to comment on four new draft information sheets providing practical guidance on how the Code of Professional Conduct (the Code) applies to tax (financial) advisers.

‘All registered tax practitioners, including tax (financial) advisers, need to ensure they comply with their obligations under the Code. To assist tax (financial) advisers to understand what this means for them, the TPB has issued four exposure draft documents relating to acting in the best interests of their clients, taking reasonable care to ascertain a client’s state of affairs, applying tax laws correctly and managing conflicts of interest,’ Mr Taylor said.

‘I encourage all interested parties to take the opportunity to review the exposure drafts and provide their comments.’

Tags: 
Financial Advice Taxation

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