Understanding the TPB:
A Valuable Resource for Small Business Owners
As a small business owner, navigating tax and compliance obligations can be overwhelming. That’s where the Tax Practitioners Board (TPB) steps in — not only as a regulatory body, but as a source of clear, practical guidance.
What Is the TPB?
The TPB is the national regulator for tax practitioners in Australia, including registered BAS agents and tax agents. Their role is to ensure practitioners meet high standards of professionalism, integrity, and compliance under the Tax Agent Services Act 2009.
Why TPB Factsheets Matter
The TPB has created a comprehensive library of factsheets designed to help both practitioners and clients understand their rights, responsibilities, and obligations. These resources are especially helpful for small business owners who want to:
- Understand what to expect from their tax practitioner
- Learn about ethical standards and legal obligations
- Know how to make informed decisions when engaging a BAS or tax agent
- Access guidance on record keeping, confidentiality, and conflict management
- Stay informed about changes in registration, supervision, and compliance
Whether you’re working with a qualified accountant or managing your own obligations, these factsheets offer clarity and confidence in a complex regulatory landscape.
Key Highlights from TPB Client Factsheet
- Your obligations to the ATO — including truthful reporting, timely record keeping, and cooperation with your practitioner
- Your practitioner’s obligations to you — such as acting lawfully, managing conflicts of interest, and keeping you informed
- How to verify a practitioner’s registration via the TPB’s public register
- How to lodge a complaint if you believe a practitioner has breached their obligations
The TPB’s factsheet titled ‘Information for clients‘ contains some general information on the obligations of a registered tax practitioner and their client