TPB extends COVID concessions to 2021

In a statement, the board said it was extending previously announced concessions to continuing professional education until 31 December 2020, as well as extending concessions to renewals and relevant experience requirements until 30 June 2021.

TPB chair Ian Klug said the extensions were in recognition of the fact that professionals were continuing to experience changed business circumstances.

“Given the COVID-19 related challenges during the year, we have been swift to relax regulatory requirements, including annual declarations, registrations and CPE requirements,” Mr Klug said.

“The TPB is committed to continuing to provide support and to be pragmatic in recognition of the broad range of impacts of the pandemic on tax practitioners and their clients.”

Mr Klug added that TPB members were experiencing different types of challenges as the COVID-19 crisis evolved, including extended working hours and mental health issues.

“These extensions to the original concessions announced by the TPB in March are intended to provide tax practitioners with additional reassurance that their health and wellbeing is our number one priority,” he said.

“We encourage tax practitioners to contact the TPB if they are encountering difficulties in meeting their TPB obligations so that we can consider their individual circumstances and work with them to find an appropriate outcome.”