<strong>Period of Effect:</strong> 12/09/2023 to 12/09/2027<br/><strong>Reason:</strong> 40-25 Period during which you may not apply for registration[POPUP_FOR_DETAILS]<br/><strong>Code breach(es):</strong> <ul><li>30-10(1) - You must act honestly and with integrity</li><li>30-10(2) - You must comply with the taxation laws in the conduct of your personal affairs</li><li>30-10(14) - You must respond to requests and directions from the Board in a timely, responsible and reasonable manner</li></ul><br/><strong>Registration requirement not met:</strong> <ul><li>20-5(3)(a) Company has ceased to meet registration requirement that each director is a fit and proper person</li></ul>
Suspension
None on record
Termination
<strong>Date of Effect:</strong> 12/09/2023<br/><strong>Reason:</strong> 40-15(1)(b) company no longer meets registration requirements[POPUP_FOR_DETAILS]<br/><strong>Code breach(es):</strong> <ul><li>30-10(1) - You must act honestly and with integrity</li><li>30-10(2) - You must comply with the taxation laws in the conduct of your personal affairs</li><li>30-10(14) - You must respond to requests and directions from the Board in a timely, responsible and reasonable manner</li></ul><br/><strong>Registration requirement not met:</strong> <ul><li>20-5(3)(a) Company has ceased to meet registration requirement that each director is a fit and proper person</li></ul><br/><strong>Explanation:</strong> On 20 July 2023, after completing an investigation, the Tax Practitioners Board (TPB) decided to terminate the company tax agent registration of iBusiness Group (QLD) Pty Ltd. The TPB found that iBusiness Group (QLD) Pty Ltd had ceased to meet the tax agent registration requirement that each director of the company must be a fit and proper person on the basis that its sole director, Mrs Jennifer Jarquin, was a no longer a fit and proper person. The TPB also determined that iBusiness Group (QLD) Pty Ltd had engaged in conduct that breached subsections 30-10(1), 30-10(2), and 30-10(14) of the Code of Professional Conduct (Code) in the Tax Agent Services Act 2009 (TASA).<br><br>The TPB concluded that Mrs Jarquin is no longer a fit and proper person on the basis that she:<br>• caused iBusiness Group (QLD) Pty Ltd to engage in conduct that breached subsections 30-10(1), 30-10(2) and 30-10(14) of the Code of Professional Conduct in the Tax Agent Services Act 2009 (TASA), in her role as sole director of that company.<br>• failed to lodge four of her personal income tax returns by their respective due dates.<br>• knowingly became a director of two companies while she was an undischarged bankrupt and was disqualified from directing or managing the affairs of a company.<br>• falsely claimed to be a registered tax agent in an affidavit to the Federal Court of Australia.<br>• falsely claimed in an affidavit to the Federal Court of Australia, relating to a customer complaint, that a person was an employee of iBusiness Group (QLD) Pty Ltd when that person was not an employee. <br>• failed to lodge income tax returns and business activity statements by their respective due dates for seven of her related entities, as the sole director or trustee of those entities.<br>• failed to lodge income tax returns by their respective due dates, or to cause those returns to be lodged, for a partnership to which she was a partner.<br>• failed to cause the taxation debts of six of her related entities to be paid, totalling more than $420,000 as and when they fell due, in her capacity as the sole director or trustee of those entities.<br>• failed to respond to the TPB’s enquiries in a timely, responsible, and reasonable manner.<br>• is not a person whom the Commissioner, clients or the public could have confidence in to perform the functions of a director of a registered tax practitioner company competently and with integrity.<br><br>Additionally, the TPB found that iBusiness Group (QLD) Pty Ltd had breached the Code by:<br>• failing to declare its outstanding tax debt and the bankruptcy of its sole director in its 2019 Annual Declaration to the TPB.<br>• lodging business activity statements with the Commissioner of Taxation that included claims for GST credits that were either not allowable or did not have evidence to substantiate the claims<br>• representing that it could provide immigration assistance to a client, when it was not registered to provide those services as required under the Migration Act 1958.<br>• failing to lodge three of its income tax returns, 12 of its business activity statements and 25 of its instalment activity statements by their respective due dates.<br>• failing to respond to requests from the TPB in a timely, responsible, and reasonable manner.<br><br>Taking into account the above matters, the TPB also decided that iBusiness Group (QLD) Pty Ltd should be prohibited from applying for registration under the TASA for a period of four years from the date its termination takes effect.<br><br>In making its decision, the TPB noted its role is to ensure consumer protection and that it has an objective to protect and maintain the integrity of the registered tax practitioner profession.