The Australian government is consulting on draft legislation that would expand promoter penalty provisions and increase Australian Tax Office (ATO) powers.

The consultation examines four separate proposals to reform the promoter penalty regime, increase the power of regulators, extend whistleblower protection to disclosures related to tax practitioner misconduct and remove limitations in tax secrecy laws.

With respect to the promotor penalty regime, the proposals would amend the Taxation Administration Act 1953 through the Treasury Laws Amendment (Measures for Consultation) Bill 2023: PWC Response – promoter penalty laws reform.

In particular, ...