Tax Agent Services Act 2009
Honesty and integrity
30-10(1)
You must act honestly and with integrity.
30-10(2)
You must comply with the * taxation laws in the conduct of your personal affairs.
30-10(3)
If: (a) you receive money or other property from or on behalf of a client; and (b) you hold the money or other property on trust;
you must account to your client for the money or other property.
Independence
30-10(4)
You must act lawfully in the best interests of your client.
30-10(5)
You must have in place adequate arrangements for the management of conflicts of interest that may arise in relation to the activities that you undertake in the capacity of a * registered tax agent or BAS agent.
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Hide history noteConfidentiality
30-10(6)
Unless you have a legal duty to do so, you must not disclose any information relating to a client ' s affairs to a third party without your client ' s permission.
Competence
30-10(7)
You must ensure that a * tax agent service that you provide, or that is provided on your behalf, is provided competently.
30-10(8)
You must maintain knowledge and skills relevant to the * tax agent services that you provide.
30-10(9)
You must take reasonable care in ascertaining a client ' s state of affairs, to the extent that ascertaining the state of those affairs is relevant to a statement you are making or a thing you are doing on behalf of the client.
30-10(10)
You must take reasonable care to ensure that * taxation laws are applied correctly to the circumstances in relation to which you are providing advice to a client.
Other responsibilities
30-10(11)
You must not knowingly obstruct the proper administration of the * taxation laws.
30-10(12)
You must advise your client of the client ' s rights and obligations under the * taxation laws that are materially related to the * tax agent services you provide.
30-10(13)
You must maintain professional indemnity insurance that meets the Board ' s requirements.
30-10(14)
You must respond to requests and directions from the Board in a timely, responsible and reasonable manner.
30-10(15)
You must not employ, or use the services of, an entity to provide *tax agent services on your behalf if: (a) you know, or ought reasonably to know, that the entity is a *disqualified entity; and (b) the Board has not given you approval under section 45-5 to employ, or use the services of, the disqualified entity to provide tax agent services on your behalf.
30-10(16)
You must not provide *tax agent services in connection with an *arrangement with an entity that you know, or ought reasonably to know, is a *disqualified entity.
30-10(17)
You must comply with any obligations determined under section 30-12 .
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