<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> 40-5(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></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></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 Mr Stephen Allen. The TPB found Mr Allen had breached the Code of Professional Conduct (the Code) in the Tax Agent Services Act 2009 (TASA) and that he no longer met the registration requirement that he must be a fit and proper person.<br><br>The TPB found Mr Allen breached Code item 1 by failing to act honestly and with integrity when he:<br>• used false signatures in connection with the audits of 12 clients between July 2015 and November 2020<br>• falsified a form lodged with the Australian Securities and Investments Commission (ASIC) in February 2021.<br><br>The TPB also determined that Mr Allen no longer met the tax agent registration requirement under paragraph 20-5(1)(a) of the TASA that he be a fit and proper person on the basis that:<br>• he had breached Code item 1 as outlined above.<br>• he pled guilty to two criminal offences directly related to his conduct as a tax agent.<br>• his conduct undermines the integrity of the taxation system and the confidence that clients and the broader public have in tax practitioners.<br>• his conduct is such that the Commissioner of Taxation, the TPB, clients and the general public could not have confidence that Mr Allen would perform his duties as a registered tax practitioner honestly, professionally and competently.<br><br>Taking into account the above, the Board decided to terminate Mr Allen’s tax agent registration in accordance with paragraph 40-5(1)(b) of the TASA. The Board also determined to impose a period of two years during which Mr Allen was prohibited from applying for registration, from the date the termination of his registration takes effect, in accordance with subsection 40-25(1) of the TASA.