Mobile: 0413 553 028

Phone: 08 6278 3171
Fax: 08 6278 3171
E-mail: les@supersolutions.net.au

NEW Federal Requirements in regards to clients and other tax agents:

Extract of the particular piece of legislation:

15 False or misleading statements

Statements made to the Board or the Commissioner

(1) You must not:

                 (a) make a statement to the Board or the Commissioner; or

                 (b) prepare a statement that you know, or ought reasonably to know, is likely to be made to the Board or Commissioner by an entity; or

                 (c) permit or direct someone else to make or prepare such a statement;

that you know, or ought reasonably to know, is false, incorrect or misleading in a material particular, or omits any matter or thing without which the statement is misleading in a material respect, in your capacity as a registered tax agent or BAS agent or in any other capacity.

Note: For further obligations relating to false or misleading statements to the Commissioner see section 50‑20 of the Act.

(2) As soon as possible after you become aware that a statement given to the Board or Commissioner was false, incorrect or misleading in a material particular at the time it was made, or omitted any matter or thing without which the statement is misleading in a material respect, you must take all reasonable steps to:

                (a) where you made the statement (or permitted or directed someone else to make the statement)—correct the statement; and

                (b) where you prepared the statement (or permitted or directed someone else to prepare the statement)—advise the maker of the statement that the statement should be                         corrected; and

                (c) where you prepared the statement and the maker does not correct the statement within a reasonable time—notify the Board or Commissioner that the statement is false, incorrect or misleading in a material particular, or omitted some matter or thing without which the statement is misleading in a material respect.

Statements made to other Australian government agencies

(3) You must not:

               (a) make a statement to an Australian government agency (other than the Board or the Commissioner); or

               (b) prepare a statement that you know, or ought reasonably to know, is likely to be made to an Australian government agency (other than the Board or the Commissioner) by                      an entity; or

              (c) permit or direct someone else to make or prepare such a statement;

that you know, or ought reasonably to know, is false, incorrect or misleading in a material particular, or omits any matter or thing without which the statement is misleading in a material respect, in your capacity as a registered tax agent or BAS agent or in any other capacity.

Essentially what this means is that I will be legally required to "Dob In" clients and/or other tax agents, if I do not I will be demand just as complicit as the client/other tax agent.