1. 30-10(1) - You must act honestly and with integrity
2. 30-10(2) - You must comply with the taxation laws in the conduct of your personal affairs
3. 20-5(1)(a) Individual has ceased to meet registration requirement that they are a fit and proper person

On 7 December 2023, after completing an investigation, the Tax Practitioners Board (the TPB) decided to terminate the tax agent registration of Warren Seeto (Mr Seeto). The TPB found Mr Seeto had breached subsections 30-10(1) and 30-10(2) the Code of Professional Conduct (Code) in the Tax Agent Services Act 2009 (TASA). The TPB also determined Mr Seeto no longer satisfied the TPB that he meets the tax practitioner registration requirement that he is a fit and proper person under paragraph 20-5(1)(a) of the TASA.
The TPB found Mr Seeto had breached the Code by:
• intentionally lodging incorrect business activity statements (BAS) for a related company of which he was the director, and then later amending them, when he knew those BAS were incorrect when lodged initially.
• failing to maintain accurate business records for a related company of which he was a director.
• causing a related company, of which he was a director, to seek access to a Cash Flow Boost (CFB) payment which was not substantiated and in circumstances that failed to comply with the integrity rule in paragraph 5(1)(g) of the Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020.
• failing to lodge several BAS for his related companies by their due dates over a significant period of time.
• making false or misleading statements to the ATO by incorrectly reporting GST amounts in BAS and significantly underreporting income in an income tax return for his related tax agent company resulting in a significant tax shortfall and penalties being imposed, and resultant tax debt to the ATO.
Based on the conduct summarised above, the TPB decided to terminate Mr Seeto’s tax agent registration in accordance with subparagraph 60-125(2)(b)(ii) and paragraph 40-5(1)(b) of the TASA on the basis that he ceased to meet the registration requirement under paragraph 20-5(1)(a). The TPB also decided that Mr Seeto should be precluded from applying for registration for a period of two years from the date his tax agent registration is terminated, in accordance with subsection 40-25(1) of the TASA.