Question 1 1 Which statement is incorrect regarding relevant events' under TASA s

ANSWER 1

B Being sued by client for falling to take reasonable care

only statement correct is this TASA s.20-45 includes-

whether the individual had the status of an undischarged bankrupt at any time during the previous 5 years,

you are convicted of an offence involving fraud or dishonesty

you are penalised for being a promoter of a tax exploitation scheme

ANSWER 2

D. Preparing bank reconcilliations and entering data

all the the above are examples of tax agent service except for this

tax agent services include

Preparing or loding returns, notices, statements, applications or other documents about your client’s liabilities, obligations or entitlements under a taxation law.

Dealing with the Commissioner on behalf of clients.

Preparing or lodging objections on behalf of a taxpayer under Part IVC of the Taxation Administration Act 1953 (TAA) against an assessment, determination, notice or decision under a taxation law.