Unit 3, 86 St James Road 107 Union Rd Rosanna Victoria 3084
Other records
Expiry date
01/02/2024
Condition
Sanctions
None on record
Appeal
Board decision
CXL Reason
Disqualification
<strong>Period of Effect:</strong> 22/01/2024 to 22/01/2026<br/><strong>Reason:</strong> 40-25 Period during which you may not apply for registration
Suspension
None on record
Termination
<strong>Date of Effect:</strong> 22/01/2024<br/><strong>Reason:</strong> 40-15(1)(b) company no longer meets registration requirements[POPUP_FOR_DETAILS]<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 7 December 2023, after completing an investigation, the Tax Practitioners Board (TPB) decided to terminate the tax agent registration of K.H.N Holdings Pty Ltd. The TPB found K.H.N Holdings Pty Ltd had ceased to meet the tax agent registration requirement under paragraph 20-5(3)(a) of the Tax Agent Services Act 2009 (TASA) that each director of the company must be a fit and proper person on the basis that its sole director, Mr Stephen Allen, was no longer a fit and proper person.<br><br>The TPB had already determined that Mr Allen had ceased to meet the registration requirement under paragraph 20-5(1)(a) to satisfy the Board that he was a fit and proper person, on the basis that:<br>1. he had engaged in conduct that breached subsection 30-10(1) of the Code<br>2. he pled guilty to two criminal offences that are directly related to his conduct as a tax professional<br>3. his conduct undermines the integrity of the taxation system and the confidence that clients and the broader public have in tax practitioners<br>4. his conduct is such that the Commissioner of Taxation, the Board, clients, and the broader public cannot have confidence in his ability to professionally and honestly discharge his duties as a registered tax practitioner.<br><br>In light of these facts, the Board considered it had no alternative other than to terminate the registration of K.H.N Holdings Pty Ltd.<br>Taking into account the above, the Board decided to terminate K.H.N Holdings Pty Ltd’s tax agent registration in accordance with paragraph 40-15(1)(b) of the TASA. The Board also determined to impose a period of two years during which K.H.N Holdings Pty Ltd was prohibited from applying for registration, from the date the termination of their registration takes effect, in accordance with subsection 40-25(1) of the TASA.