TPB bans tax agent in fraud crackdown | Australian Markets

The Tax Practitioners Board (TPB), Australia’s chief regulator and registrar of tax professionals, has imposed a five-year ban on a Sydney tax agent after he was alleged to have defrauded authorities tax systems.

The TPB introduced it had terminated Raheel Chaudhry’s registration as a tax agent, supported by the cross-governmental Fraud Fusion Taskforce (FFT), of which it’s half.

Based on the regulator, the previous tax agent racked up a tax debt, together with penalties, of almost $1.5 million.

Chaudhry, trading as RMC Plan Managers, a Nationwide Incapacity Insurance Scheme (NDIS) registered organisation, assumed the title of ‘plan manager’ over the earlier eight years, in accordance with his LinkedIn profile.

The TPB, in its resolution to ban the previous tax agent, cited Chaudhry’s failure to conform along with his own tax obligations and his deceptive of the regulator.

The regulator additionally took into consideration the “significant evidence” gathered by the NDIS Fee, which in September 2024 introduced it had banned Chaudhry from delivering NDIS Providers for 5 years.

TPB chair Peter de Remedy declared that Chaudhry’s actions had “undermined the integrity of the tax system as well as public confidence in the registered tax practitioner profession”.

“Tax agents hold a trusted professional position and are expected to act with the utmost honesty and integrity,” de Remedy added.

He additional hailed the collaborative efforts of the FFT in rooting out tax fraud and fraudsters, and in enhancing the general integrity of the sector.

“This case reveals the advantages of authorities companies working throughout the system to stamp out unlawful behaviour.

“We will continue to work with our FFT partners to swiftly remove any tax practitioners who engage in such behaviours in the interests of improving [the] integrity of government systems.”