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19 Apr 2011
AUSTRALIAN ACCOUNTANTS could be afforded legal professional privilege in the future, after a consultation was launched considering the move.
The consultation was launched by Australian financial services minister Bill Shorten, and follows suggestions from judges and a formal discussion forum in Australia that privilege could be extended beyond lawyers, reports Business.
Further reading
The move is another positive for the UK profession, which is fighting its own battle to extend LPP to tax advisers.
Yesterday Prudential was allowed to take its LPP case against HMRC to the Supreme Court. The Pru argues that advice it received from PwC was protected under privilege.
(Picture show the Australian parliament building in Canberra)
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Briefings
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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