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Tax Audit Insurance

Tax Audit policies provide cover for professional fees (such as accountant’s fees) incurred by you in connection with a tax audit.

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Cover at a glance
  • Cover can be provided for business, directors, and self – managed superannuation fund audits.

Policy Overview

Tax Audit policies provide cover for professional fees (such as accountant’s fees) incurred by you in connection with a tax audit of a return by the Australian Taxation Office, or by a Commonwealth, State or Territory department, body or agency. The tax audit must be commenced and notified to the insurer during the period of insurance.

In brief, the following exclusions apply to most Tax Audit policies

  • Fines or Taxes enforced
  • Returns not prepared by a Tax Agent
  • Representations, errors in information and improperly conduct
  • Delay
  • Imposition of penalties
  • Shortfall tax audits
  • Prior Tax audits
  • Unjustified refusal or failure to comply

The information provided on this page that may have been implied is General Advice only and does not take into consideration your specific needs, risk appetite or financial requirements. Please contact our office to discuss and review your needs and the appropriate financial product best suited to meet your requirements . Before purchasing any financial product, you should always read the Product Disclosure Statement to ensure the product is suitable for your needs.

Frequently Asked Questions

Does this policy provide cover me for fines and taxes enforced following an audit?
This product provides cover for professional fees incurred to respond to an audit only and does not provide cover for fines or taxes enforced as a result of the findings of the audit.
How much cover do I need?
We would recommend consulting with your account to set a suitable limit of cover that accurately reflects the intricacies of your individual tax position.

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