Responsibilities of a registered tax agent

In Australia, anybody or entity who practicing service to deal with tax issues on behalf of somebody (such as: annual tax return, BAS filing and any other tax related topics), should be a registered tax agent, which mean he/she has submit their application (Qualifications and experiences) to Tax Agents’ Board for registration and the application has been approved, newly registered tax agents are issued with a Certificate of Registration by the Tax Agents’ Board (the Board) which is accompanied by information that outlines their responsibilities as a registered tax agent.

There are lists of responsibilities in detail which you can view the Tax Agents’ Board website. Such as Notifying the Tax Agents’ Board ; Personal tax affairs; Preparation of returns; Registration certificate; Responsibilities to clients as well as Tax Agents’ Board responsibilities.
These are some of updated responsibilities include:
• tax agents are required to quote their full tax agent number on all communications to the Board or the Tax Office

• tax agents must be familiar with signature and declaration requirements and ensure that all returns, requests for amendment, and other documents lodged with the Tax Office have been properly authorised, and

• tax agents are obliged to advise the Board in writing of any changes to their address for service, business address, registered name, business name, or business or ownership structure.
More information about the responsibilities of registered tax agents can be viewed on the Tax Agents’ Board website and any questions can be directed to 13 72 86 Fast Key Code 3 4.

Tax agents should also be aware of their responsibilities regarding the use and disclosure of tax file numbers as outlined in the tax file number guidelines in the Privacy Act 1988. Details of those guidelines are available on the Federal Privacy Law website.