![]() ![]() You must undertake POI before providing tax agent or BAS services to new clients and on an ongoing basis to existing clients, as appropriate. To read our full guidance, refer to TPB(PN) 5/2022 Proof of identity requirements for client verification. We have summarised our minimum requirements in the following sections. To find out more about the ATO’s methods for client verification, refer to the ATO website. Tax and BAS agents using the ATO’s online services and following the ATO’s methods will also meet our requirements. While the ATO’s methods for client verification are primarily for tax and BAS agents who use the ATO’s Online services for agents, our guidance applies to all tax practitioners regardless of whether they use the ATO’s online services or not. They are similar in most aspects including the types of documents to use, how to deal with situations where clients do not have standard identity documents and record keeping. We’ve worked closely with the Australian Taxation Office (ATO) in developing this guidance and ensuring both the ATO's methods for client verification and our guidance are aligned to minimise any burden on you. ATO's Agent client verification methods and TPB's guidance - a comparison If you fail to properly verify a new or ongoing client’s and/or their representative’s identity, you may breach an ongoing registration requirement, the Code of Professional Conduct (in particular, Code items 1, 7 and 9) or the civil penalty provisions in the Tax Agent Services Act 2009 (TASA). POI checks and Tax Agent Services Act 2009 Our guidance are aimed to make these processes contemporary, consistent and streamlined for all tax practitioners. ![]() We are aware that most of you would already be undertaking client verification checks. ![]() We have released our finalised guidance to help you verify your client’s (including their representatives, if any) identity. In recent times we have seen a lack of proper identification processes in tax practitioners’ practices resulting in tax and identity fraud. It is increasingly important that as a tax practitioner, you are vigilant in undertaking adequate client identification processes. This will help minimise risks of identity fraud affecting yourself, your practice, taxpayers and the government. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |