In 2021, with our parent company celebrating 25 years of helping people to be more prosperous, secure and satisfied and remaining ever-proudly unshackled and fiercely free thinking, Intellisolve has no great love for any particular bank, insurer, financial product manufacturer, property developer or any other person or firm within the spaces it operates!
Being focused solely on helping you to accurately identify opportunities, threats and issues across a wide spectrum, Intellisolve will then empower you with the requisite blend of knowledge and incentive for you to make timely and astute business and personal decisions and to then get on with helping you to put those decisions into action.
Way back in 1992, I, Gianfranco (Frank) Genovesi (Intellisolve’s principal), commenced as a self-employed financial planner to have subsequently helped around one thousand people to build and protect their wealth thus as to achieve or to move much closer to achieving their goals.
In 2005, I gained WA real estate industry sales qualifications also to have worked as both a buyers’ and sellers’ agent’s representative. I have buying and selling residential and commercial property experience in both private treaties and auctions.
From 2001 to the present and via an individually designed and ongoing immersion program, I invested in excess of 14,000 hours of my time (you could think of it along the lines of perhaps just short of the sort of the time and intensity commitment as required to complete a bachelor’s degree and to follow it up with a masters and then to knock a big dent into a PhD). Consequently, I now demonstrate a unique expertise across a substantial array of applying the tax law to both personal and small business circumstances (intertwined).
This substantial body of experience in navigating a myriad of Australian Tax Office (ATO) administrative procedures further expanded to include gaining an outstanding understanding of taxpayer and ATO engagement and behaviour within the Administrative Appeals Tribunal and the courts on matters of objections to taxation assessments, private rulings and class rulings.
According to some, so broad and so strong is my documented and demonstrated knowledge of how to interpret and apply the tax law, that in November 2012, the Tax Practitioners Board (TPB), approved my application to be a “Registered Tax Agent” (unrestricted), without having prior graduated with even a Cert IV in accounting or a diploma, let alone the typically acquired degree and neither also did I exhibit years of supervised work experience in an accounting firm (i.e. the overwhelming pathway to gaining TPB registration).
What I did instead, was to evidence that I was a voting member of an approved tax agent association as coupled with at least eight years experience in the last ten, in which I'd worked directly with the tax law.
The question genuinely begs therefore as to whether anyone in any strictly regulated profession in Australia, has before or since, ever done anything like this?
In my case, with no formal training or qualifications in taxation, I was registered to practise in public so there you have it and go figure!
OF NOTE: Not even lawyers can achieve this feat without firstly passing a TPB approved course in Australian taxation law (from which I was exempted).
I am further humbled that unlike typical accountants and upon my direct enquiry, the TPB also exempted me from completing a Board Approved Course in Australian commercial law to enable the renewal of my tax agent triennial registration.
To digress, interestingly, in April 2013 amidst a client matter of which I held carriage, I had somewhat of a stouch with an ATO tax lawyer in front of Senior Member CR Walsh of the Administrative Appeals Tribunal whereby the learned gentleman said to the Tribunal words to the effect that I was not an expert in my field.
Well that kind of “got up my nose” so I wrote to the TPB to inquire on its position of whether it was ok for me to say that I am such an expert and to have further supplied the Board with some prior blog posts in which I stated that I was Australia's sole trainer to the financial, taxation and legal professions in such regard and, that the ATO had a problem with admitting the fact that I am Australia’s foremost expert in my field.
On 6th May 2014, the TPB wrote back to me stating that my conduct in question had NOT breached the tax agent’s professional code of conduct (which requires a registered tax agent to act with honesty, integrity and competence).
As the gatekeeper to who may become and who may remain a registered tax agent and as a sister Commonwealth agency to the ATO with which it cooperates closely, in conclusion hereof, I take the opportunity to state my gratitude to the Tax Practitioners Board for its continued faith in my technical prowess and associated competence, practices and ethics.
I further thank the ATO for inspiring me to mount every ounce of determination and fortitude as was needed in my having taken up the various challenges presented over the years and to have further prevailed against such overwhelming odds. At times, it is true that the ATO and I were firece combattants and that is well and good as it remains in the past where lessons were no doubt learned on both sides whereas I now see us as partners in the edification of the taxpayer to ensure via our respective roles within Australia's tax system, the attainment of accurate and correct representation, treatment and outcomes concerning the application of the enormous breadth and depth of the tax law to taxpayers various circumstances.
VARIOUS CAPACITIES TO ACT
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