What is a fee or other reward?

TPB(I) 40 2023 What is a fee or other reward_0.pdf

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Introduction

• 1. Entities that provide tax agent services1 or BAS services2 for a fee or other reward must be registered with the Tax Practitioners Board (TPB).
  

• 2. Entities that provide tax (financial) advice services3 for a fee or other reward must be either a qualified tax relevant provider with the Australian Securities Investments Commission (ASIC), or a tax agent registered with the TPB.
  

• 3. The TPB has prepared this Information sheet (TPB(I)) to assist entities to determine what constitutes a fee or other reward.
  

• 4. Whether a particular tax agent service, BAS service, or tax (financial) advice service is provided for a fee or other reward is a question of fact. This means that each situation will need to be considered on a case-by-case basis having regard to the facts and circumstances.
  

Source : tpb.gov.au