Tax Agent Services Act 2009
50‑18 Advertising tax (financial) advice50‑18 Advertising tax (financial) advice services if not registered or qualified
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50‑18 Advertising tax (financial) advice services if not registered or qualified
You contravene this section if: (a) you advertise that: (i) you will provide a *tax (financial) advice service; or (ii) another person will provide a tax (financial) advice service on your behalf; and (b) the tax (financial) advice service is not a *BAS service; and (c) you are not a *registered tax agent or a *qualified tax relevant provider; and (d) if the tax (financial) advice service would be provided on your behalf by another person—that other person is not a registered tax agent or a qualified tax relevant provider; and (e) if the tax (financial) advice service would be provided as a legal service—you are prohibited, under a *State law or *Territory law that regulates legal practice and the provision of legal services, from providing that tax (financial) advice service.
Civil penalty:
(a) for an individual—50 penalty units; and
(b) for a body corporate—250 penalty units.
Note: Subdivision 50‑C of this Act and Subdivision 298‑B in Schedule 1 to the Taxation Administration Act 1953 determine the procedure for obtaining a civil penalty order against you.