C&N Southwest Sydney Registration Cancelled Due to Conduct Breaches
Australia's Tax Practitioners Board (TPB) has cancelled the registration of C&N Southwest Sydney after finding serious breaches in professional conduct. The investigation revealed that the company provided false or misleading information to regulatory bodies including ASIC and ATO, which was used to support clients appointing 'straw directors'. The TPB also found evidence of financial misconduct involving client refunds being mixed with personal expenditures before being transferred outside controlled accounts. Additionally, a disqualified individual was allowed to provide tax services through an arrangement. TPB chair Peter de Cure emphasized the board's commitment to protecting consumers and maintaining trust in the profession by addressing high-risk conduct that threatens community confidence and legal compliance.
Topics: ASIC ATO fraudulent_reporting tax_practitioners