Legal Obligations

Gold Medal Accounting Pty Ltd – Our Professional Obligations

Gold Medal Accounting Pty Ltd is a registered tax agent with the Tax Practitioners Board (TPB). We are bound by the TPB Code of Professional Conduct, which sets out the ethical and professional standards expected of all tax practitioners in Australia.

Overview of the Code Changes – Effective 1 July 2025

The updated TPB Code introduces eight additional obligations designed to:
• Promote transparency and accountability
• Increase public confidence in the tax profession
• Strengthen the integrity of the tax system

Key New Obligations

  • Upholding and Promoting Ethical Standards: We actively promote ethical conduct within our profession.
  • Avoiding False or Misleading Statements: We do not make false or misleading representations in any communication.
  • Managing Conflicts of Interest and Confidentiality: We manage potential conflicts, including in government-related work, and maintain strict confidentiality.
  • Proper Record-Keeping: We maintain accurate and complete records of all tax agent services.
  • Supervision and Quality Management: We ensure all team members are appropriately supervised and maintain competency under our Quality Management System (QMS).
  • Keeping Clients Informed: We keep clients informed of matters that may affect their tax or BAS obligations.
  • Implementing a Quality Management System (QMS): As a registered company, we operate a documented QMS suited to our firm’s size and complexity.
  • Disclosure of Significant Matters: We disclose significant matters such as tax offences or prior convictions where relevant.

Your Responsibilities as Our Client

To help us deliver compliant and effective services, please:
• Provide complete and accurate information on time
• Notify us of changes to your circumstances
• Review all documents and advice, asking for clarification if needed
• Retain all records supporting your tax affairs

Further Information and Support

• TPB Code of Professional Conduct – Overview: https://www.tpb.gov.au/code-professional-conduct
• TPB Fact Sheet – Summary of Obligations: https://www.tpb.gov.au/fact-sheets

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