Recognising, rejecting and reporting tax avoidance schemes

The fact sheet Recognising, rejecting and reporting tax avoidance schemes is also available to download in Portable Document Format [PDF 324 KB].

Managing promoter penalty risks to your firm - good governance

If you provide tax planning advice to clients, it is important to consider what level of risk you are prepared to accept and what processes you have in place to protect you and your practice from inadvertently contravening the promoter penalty laws.

For information to help you manage promoter penalty risks, you can read our guide Good governance and promoter penalty laws (NAT 73779). The guide covers topics such as: good governance principles and good practice in tax services how the Australian Taxation Office (ATO) identifies and treats businesses at risk of breaching these laws the consequences of contravening these laws current schemes and behaviours of concern to the ATO how to reduce the risk of inadvertently marketing or encouraging tax avoidance schemes, or incorrectly implementing product ruling arrangements.