The motion moved by Senator Dean Smith to disallow the Tax Agent Services (Code of Professional Conduct) Determination 2024 received 31 ayes and 31 noes in the vote this afternoon.

The determination, which was first introduced by Assistant Treasurer Stephen Jones in July, introduces eight new obligations for registered tax and BAS agents.

The obligations have received considerable backlash from the tax profession, particularly sections 15 and 45.

Shadow Assistant Treasurer and Shadow Minister for Financial Services Luke Howarth previously stated that the the regulations were "completely unnecessary and would drive up costs for Australians and small businesses who rely on tax professionals to help with their financial affairs".

Senator Dean Smith filed a motion to block the new obligations last month following concerns raised by professional bodies and the wider tax community.

The government has committed to undertaking further consultation on the changes following a roundtable held with the bodies last week.