10Upholding and promoting the ethical standards of the tax profession

10 Upholding and promoting the ethical standards of the tax profession

Independently, and in cooperation with other registered tax agents and BAS agents, you must: (a) uphold and promote the Code of Professional Conduct; and (b) not engage in any conduct that you know, or ought reasonably to know, may: (i) undermine public trust and confidence in the integrity of the tax profession (including conduct that discredits the tax profession or brings the tax profession into disrepute); or (ii) undermine public trust and confidence in the integrity of the tax system; and (c) not engage in any conduct that you know, or ought reasonably to know, may undermine the collective work of registered tax agents and BAS agents, as a tax profession, to uphold and promote: (i) the Code of Professional Conduct; and (ii) public trust and confidence in the integrity of the tax profession and tax system; and (iii) each member of the profession being held accountable for their individual conduct.

Note: A registered tax agent or BAS agent has an obligation to notify the Board of significant breaches of the Codesee Subdivision 30-C of the Act.