Proof of Identity Requirements for Client Verification
08 July 2021
On 29 April, 2021, the Tax Practitioners Board (TPB) issued Draft TPB Practice Note TPB(PN) D45/2021, which requires all registered tax practitioners to take appropriate proof of identity (POI) steps prior to providing tax agent, BAS and tax (financial) advice services (including services provided where an individual is representing a client).
The draft Practice Note lists documents that can be accepted as evidence of a person's identity. It also sets out the steps a registered tax practitioner should take if they identify discrepancies.
In response to the TPB’s request for comments on the draft practice Note, BDO National Tax has prepared a BDO submission.