Precision Taxation Accounting & Management is subject to the Code of Conduct prescribed in the Tax Agent Services Act 2009 – (Code of Professional Conduct) Determination 2024, and additional determinations. The Tax Practitioners Board (the board) are the regulator of Registered Agents. We are also required to adhere to the requirements of the ATO in our interactions with their Online Services and use of other relevant software.

I advise that to the best of my knowledge and based on all information known to me, I

(i) Have not committed a prior material breach of the Act or instruments made under the Act;

(ii) Are not being investigated by the Board on any material breach;

(iii) Are not subject to any sanctions imposed by the Board;

(iv) Do not have any conditions applying to our registration;

(v) Have not been disqualified from providing services;

(vi) Do not have as employees nor engage with others who have been disqualified from providing services;

(vii) Have appropriate and required processes and systems of supervision and quality control of all work performed on our behalf;

(viii) Have not had any charge or conviction relating to an offence relating to fraud or dishonesty;

(ix) Have not had any imposition of a promoter penalty under the tax law;

(x) Had any charge or conviction relating to a tax offence.

Matters that could significantly influence your decision to engage us (or continue to engage us) for a Tax Agent Service from 1 July 2022 onward include the following:

• • • I act as Treasurer for the Liberal Party of Australia, NSW Division – Newcastle SEC, SEB, FEC, LGC

The Tax Practitioner’s Board maintains a public register of Tax Agents & BAS Agents.

• • • The register contains registration details of registered, suspended and deregistered Tax and BAS Agents.
    • The register is available at: https://www.tpb.gov.au/public-register
    • Precision’s entry on the register is available at: Practitioner details
    • Guidance on how to use this register is available at: https://www.tpb.gov.au/help-using-tpb-register

If you have a grievance about our Tax Agent services, you will need to contact Peter McCarthy by email to ensure we are able to respond to any misunderstanding or performance issues. We will provide you with email acknowledgement of receipt of your complaint and our understanding of the circumstances. The email will inform you that we will attempt to resolve your complaint within 14 days of our initial response and will outline the dispute resolution process. If you are unhappy with the outcome that we propose to you, you can then make a complaint to the Tax Practitioners Board (TPB) here: https://www.tpb.gov.au/complaints

We are not aware of any matter that we have not otherwise discussed or presented to you that would significantly influence your decision to engage or continue to engage our services.

Statements made to the ATO

In our role of providing services to you, the law states:

We must not make a statement, prepare a statement, or permit an entity to make or prepare a statement to the commissioner that:

A. Is false, incorrect or misleading in a material particular.

B. Omits anything that causes the statement to be misleading.

If, after making a statement, based on subsequent information, it is apparent that the statement is false or misleading in a material particular, then we should discuss any further information that indicates the statement is not, in fact, incorrect.

If we have reasonable grounds to believe that the false or misleading nature of the statement resulted from:

1. 1. Failure to rake reasonable care in connection with the preparation or making of the statement; or
   2. Recklessness as to the operation of a taxation law; or
   3. Intentional disregard of a taxation law.

Then we must advise you:

1. 1. That the statement should be corrected.
   2. The possible consequences of not taking action to correct the statement.
   3. Our responsibility to take further steps if required.

If the statement is not corrected, we may have to withdraw from providing any future services.

We also note that in the event that the statement is not corrected and the false or misleading statement has caused or will cause “substantial harm” to the interests of others, the law requires us to notify the ATO that a statement that has been made should be corrected.

Information for Clients Factsheet

The above information is required to be provided by TASA 2009 Sn 45(2) and is required when an individual and or entity is considering engaging or re-engaging a registered Tax Agent or BAS Agent or upon request.

This information is true and correct at the time of making this statement. Any change to this information must be updated within 30 days of us becoming aware of any change matter.