Tax Agent Services Act 2009

PART 5 - CIVIL PENALTIES  

Division 50 - Civil penalties  

Subdivision 50-AA - Conduct that relates to tax (financial) advice services  

SECTION 50-18  

50-18   Advertising tax (financial) advice services if not registered or qualified  


You contravene this section if:

(a)    you advertise that:


(i) you will provide a *tax (financial) advice service; or

(ii) another person will provide a tax (financial) advice service on your behalf; and

(b)    the tax (financial) advice service is not a *BAS service; and

(c)    you are not a *registered tax agent or a *qualified tax relevant provider; and

(d)    if the tax (financial) advice service would be provided on your behalf by another person - that other person is not a registered tax agent or a qualified tax relevant provider; and

(e)    if the tax (financial) advice service would be provided as a legal service - you are prohibited, under a *State law or *Territory law that regulates legal practice and the provision of legal services, from providing that tax (financial) advice service.

Civil penalty:

  • (a) for an individual - 50 penalty units; and
  • (b) for a body corporate - 250 penalty units.
  • Note:

    Subdivision 50-C of this Act and Subdivision 298-B in Schedule 1 to the Taxation Administration Act 1953 determine the procedure for obtaining a civil penalty order against you.




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