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The TPB and ATO have now closed their public consultation on the two sets of guidelines. In the near term we expect they will release their final positions.
You may have caught a bit of press recently from both the ATO and the TPB who have combined forces to strengthen client verification and Proof of Identity (POI) procedures being undertaken by agents. The ATO’s newsletter distributed on 29 April, 12 May and again on 2 June gives insight as to where they are both at with this issue. In those newsletters, the ATO flagged their proposed guidelines as well as providing links to the TPBs Practice Note. Both documents were open for public feedback (since closed) following a period of consultations with associations. Australian Bookkeepers Association was pleased to be a part of this process.
Find out more in our Bookies Bulletin Edition #3 2021!