Anthony Chisholm (Queensland, Australian Labor Party, Assistant Minister for Education) Share this | Hansard source

The government would like to thank the tax industry bodies for their constructive engagement with us on this matter. The government have committed to industry bodies to making further changes to the tax determination, on which we intend to publicly consult and which we intend to finalise by early October. This includes outlining the obligations within section 15 of the instrument of the Accounting Professional and Ethical Standards Board code of ethics. This voluntary code currently applies to only some tax agents. The change will expand it to all tax agents in a consistent way.

The government has also committed to reduce the number of items in the disclosure obligations to section 45 to remove duplicative items that are already covered in other areas of law. Industry bodies have indicated support for these changes.

I seek the opposition's commitment to delay this motion to provide industry with time to consider these amendments as part of public consultation. Absent that commitment, the government will be opposing this disallowance motion.