Level 1, Unit 3, 20 Worth Street Chullora New South Wales 2190
Other records
Expiry date
01/11/2025
Condition
Sanctions
None on record
Appeal
Board decision
CXL Reason
Disqualification
None on record
Suspension
None on record
Termination
<strong>Date of Effect:</strong> 19/09/2023<br/><strong>Reason:</strong> 40-5(1)(b) individual 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(13) - You must maintain professional indemnity insurance that meets the Board's requirements</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(1)(a) Individual has ceased to meet registration requirement that they are a fit and proper person</li><li>20-5(1)(c) Individual has ceased to meet registration requirement that they maintain professional indemnity insurance that meets the Board's requirements</li></ul><br/><strong>Explanation:</strong> On 20 July 2023, after completing an investigation, the Tax Practitioners Board (TPB) decided to terminate the tax agent registration of Mr Marwan Al-Abden as he ceased to meet the tax practitioner registration requirements that he is a fit and proper person and that he maintain professional indemnity (PI) insurance that meets the TPB’s requirements. The TPB also determined that Mr Al-Abden had engaged in conduct that breached the Code of Professional Conduct (the Code) in the Tax Agent Services Act 2009 (TASA).<br>The TPB concluded that Mr Al-Abden had breached the Code and was no longer a fit and proper person on the basis that:<br>• he made a false declaration to the TPB in his 2022 application for renewal of his tax agent registration by failing to declare the outstanding income tax returns and business activity statements for his related entities.<br>• he failed to lodge a total of 32 income tax returns and 149 business activity statements for himself and his related entities by their respective due dates.<br>• he failed to pay taxation debts totalling more than $570,000 for himself and his related entities.<br>• he failed to maintain PI insurance that meets the TPB's requirements for a period of greater than 10 months.<br>• he failed to respond to directions and requests from the TPB in a timely, reasonable and responsible manner.<br>In making its decision, the TPB considered that Mr Al-Abden’s conduct failed to uphold the professional standards expected of registered tax practitioners and demonstrated a lack of regard for the TPB and the ATO, and his responsibilities as a taxpayer and registered tax agent.<br>The TPB considered it could not be confident that Mr Al-Abden would continue to uphold the standards of the tax profession in the future if he were to remain registered.