Tax accountants and bookkeepers have secured a reprieve from onerous new rules for professional service firms, after Labor delayed some of the changes amid a growing backlash.
Assistant Treasurer Stephen Jones had announced the introduction of eight new professional and ethical standards and obligations, introduced through government regulation and due to come into force on Thursday.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
