TPB deregisters tax agent for SAN misuse

The Tax Practitioners Board (TPB) has deregistered a fourth tax agent for self-managed superannuation fund (SMSF) Auditor Number (SAN) misuse.

The TPB said it terminated the registration of an agent who made false and misleading statements in various annual returns that indicated an audit had been done when it had not.

“The agent's behaviour was uncovered after an auditor reviewed their client lists from multiple years and noticed funds listed that they had not audited. This auditor then got in contact with us and we were able to take appropriate action,” TPB said.

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The TPB noted the agent would not be able to apply for registration for two years and penalties would apply if they continued to provide tax services.

Another three agents have had their registrations suspended for SAN misuse.

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