New ATO requirements

The ATO has announced there are new mandatory client verification standards for all accounting firms when taking on new clients.

The aim of the standards is to help reduce fraud and identity theft.

These new standards mean new clients will be asked to provide two (2) forms of identity.

We only need to sight the identification; we will not take copies of these.

Identification includes: a licence, passport or birth certificate and a Medicare card or last year’s notice of assessment.

If you are looking for a new accountant and would like to have a chat, please call us on 07 3847 4111.

https://www.ato.gov.au/Tax-professionals/Your-practice/Tax-and-BAS-agents/Strengthening-client-verification-guidelines/