Summary
Amends the:
Tax Agent Services Act 2009
and
Taxation Administration Act 1953
: to expand the operation of the promoter penalty provisions; and enable the sharing of certain protected information;
Taxation Administration Act 1953
to extend whistleblower protections to eligible whistleblowers who make disclosures to the Tax Practitioners Board (TPB); and reverse the burden of proof for certain claims of protection;
Tax Agent Services Act 2009
in relation to the TPB Register and the TPB’s delegation powers; and
Petroleum Resource Rent Tax Assessment Act 1987
to limit the proportion of petroleum resource rent tax assessable income that can be offset by deductions to 90 per cent.