Australia Plans New Laws to Crack Down on Tax Adviser Misconduct

Australia is promising “the biggest crackdown on tax adviser misconduct” in the nation’s history

Australia’s government will legislate “the biggest crackdown on tax adviser misconduct” in the nation’s history, including boosting some monetary penalties 100—fold, TreasurerThe measures will give watchdogs stronger powers to investigate

and prosecute perpetrators, and boost transparency including by giving more protection for whistleblowers, Chalmers said in a statement. The legislation will be introduced this year, with consultation on reforms starting “shortly,” he said.

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