FOLLOWING a recent investigation, the Tax Practitioners Board (TPB) found that tax agent Peter Biantes had attempted to conceal over $35 million dollars of income from the Australian Taxation Office (ATO) through the creation of multiple overseas entities.

Accordingly, the TPB terminated his tax agent registration, and banned him for the maximum period of five years.

In doing so, the TPB found that Mr Biantes had:

• deliberately tried to avoid the tax implications of the sale of a business, intentionally misled the ATO, and obstructed the proper administration of the taxation laws;
• made false statements to the TPB in two of his annual declarations and an application for renewal of registration;
• repeatedly failed to comply with taxation laws in the conduct of his affairs including in relation to the timeliness and accuracy of his tax returns.

Speaking about the case, chair of the TPB, Ian Klug AM said, "Through serious and repeated misconduct, Mr Biantes attempted to undermine the integrity of the taxation system. Terminating and banning an agent from applying for registration is the firmest sanction that can be imposed by the board and is never taken lightly. The severity of Mr Biantes’ conduct requires the maximum ban to be imposed."

"The TPB is committed to targeting practitioners who undertake, or facilitate, black economy behaviour and tax evasion through schemes such as offshoring and failing to declare proceeds and profits. Where we discover this behaviour, we will act swiftly and take strong action."

About the Tax Practitioners Board

The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct. TPB is on Twitter @TPB_gov_au, Facebook and LinkedIn

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A NEW International Energy Agency (IEA) report highlights the massive potential of energy efficiency to create jobs, cut bills and address climate change, but Australia can do much more to seize this opportunity, according to the Energy Efficiency Council.

The 10 recommendations, published by national leaders, ministers, top business executives and prominent energy experts that make up the Global Commission for Urgent Action on Energy Efficiency, show how energy efficiency can play a central role in fixing the social and economic damage of the COVID-19 crisis.

“A major drive to improve the energy efficiency of homes and businesses could create 120,000 job years of employment in Australia, while reducing cost-of-living pressures for businesses and households,” Energy Efficiency Council CEO Luke Menzel said.

“Action on energy efficiency would immediately help those most affected by the economic impacts of COVID-19, including financially stressed households and businesses, and workers seeking new opportunities. 

“However, in 2018 Australia was ranked the world’s worst performing developed country on energy efficiency. We must do better and seize this moment so that we can create thousands of jobs, lower energy bills, and slash emissions," Mr Menzel said.

Over the last month, multiple joint statements – including organisations as diverse as the Australian Council of Social Service, the Property Council of Australia, Australian Industry Group, the Business Council of Australia and Australian Council of Trade Unions – have called for state and Federal Governments to put energy efficiency at the heart of stimulus measures. 

“There is near-universal support for energy efficiency as a key stimulus measure because projects can roll out rapidly, deliver a long term productivity dividend, slash emissions and are highly job intensive,” Mr Menzel said. 

“The Global Commission has called on governments around the world to show leadership, upgrading their own schools, hospitals and other public to save taxpayers money and create jobs straight away.

“Global experts have given us a plan. Now we need state and federal governments to invest at a speed and scale that matches the magnitude of the economic challenge ahead of us,” Mr Menzel said.

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THE health system will be the focus of the first public hearing of the inquiry on the impact of COVID-19 on Australia’s Foreign Affairs, Defence and Trade. 

Witnesses from pharmaceutical company IDT, and peak body the Australian Healthcare and Hospitals Association, will give evidence on the impacts on the healthcare sector of the pandemic.

Senator David Fawcett, Chair of the JSCFADT, emphasised the importance of the healthcare system to Australia’s national resilience. 

"Australia’s health system is both domestically critical and sensitive to disruption in international supply chains," Senator Fawcett said. 

"Hearing more about the impact of the pandemic is a logical first step in this inquiry, which aims to develop ongoing effective national framework to ensure the resilience required to underpin Australia’s economic and strategic objectives."

Full terms of reference for the inquiry are on the Committee website. Submissions can be made until June 30, 2020.

Public hearing details:

Date: Thursday, 25 June 2020
Time: 3.30pm – 4.30pm AEST 
Location: By teleconference

The hearings will be audio streamed live at aph.gov.au/live.

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AUSTRALIA'S peak industry representative body for innovation technology, the Australian Information Industry Association (AIIA) had supported the Victorian Government’s decision to appoint a Minister for Innovation, Medical Research and Digital Economy.

The critical role was given to Jaala Pulford, who will also focus on creating jobs and oversee Working for Victoria as Minister for Employment.

AIIA requested appointing a Minister for Digital Capability in addition to a wider set of recommendations recently put to the Australian Government as part of the AIIA White Paper titled ​Building Australia’s Digital Future in a Post-COVID World​.

AIIA CEO, Ron Gauci said, “We welcome the Victorian Government’s approach to appointing a Minister for the Digital Economy and we look forward to working together on rebuilding Victoria post-COVID.

“We thank the role that Martin Pakula played as Minister of Technology and see this new appointment as allowing for greater focus on digital transformation.

“Our future economic prosperity centres on Australia emerging in a way that responds to the opportunities, and addresses the weaknesses that have prevailed throughout this difficult period. Our economy and workforce needs to transition towards increased sovereign capabilities, seeking resilience in global and local supply chains while digitising our economy,” Mr Gauci said.

The appointment of the Minister for Innovation, Medical Research and Digital Economy comes as three new members of Cabinet were also sworn in today, with Natalie Hutchins, Shaun Leane and Danny Pearson joining the Andrews Labor Government Ministry.

The AIIA is a not-for-profit organisation aimed at fuelling Australia’s future social and economic prosperity through technology innovation.

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