<strong>Period of Effect:</strong> 05/07/2023 to 05/07/2024<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> 05/07/2023<br/><strong>Reason:</strong> 30-30 Failure to comply with Code of Professional Conduct[POPUP_FOR_DETAILS]<br/><strong>Code breach(es):</strong> <ul><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>Explanation:</strong> On 11 May 2023, after completing an investigation, the Tax Practitioners Board (TPB) decided to terminate the tax agent registration of Mr Peter Wormington as he had engaged in conduct that breached the Code of Professional Conduct (Code) in the Tax Agent Services Act 2009 (TASA).<br>The TPB found that Mr Wormington had breached the Code on the basis that he:<br>• failed to lodge 12 of his income tax returns and 47 of his business activity statements by their respective due dates.<br>• failed to pay his outstanding taxation debts, totalling more than $220,000, as and when they fell due.<br>• failed to comply with an order issued to him by the TPB requiring him to either repay his outstanding taxation debts or enter into payment arrangements with the Australian Taxation Office to address his debts. <br>Taking into account the above matters, the TPB also determined that Mr Wormington should be prohibited from applying for registration under the TASA for a period of one year from the date the termination of his registration takes effect.<br>In making its decision, the TPB noted its objective to protect and maintain the integrity of the registered tax practitioner profession. The TPB also considered the fact that Mr Wormington’s conduct formed a pattern of behaviour over an extended period of time that was inconsistent with the standards expected of a tax practitioner.