If you work with a registered tax agent or BAS agent, new TASA legislation may change the way you receive advice. From 1 July 2025, tighter regulations will impact how tax practitioners deliver guidance. That includes your day-to-day interactions with your accountant.
The new rules are part of updates to the Tax Agent Services Act (TASA) and are important to understand ahead of the start date.
At Wilson Accounting, we’re committed to keeping our clients informed and prepared. Here’s what you need to know.
Why These Changes Are Happening
The new TASA legislation is part of a broader push to raise professional standards across the accounting industry following recent high-profile misconduct cases. These changes aim to boost transparency, accountability, and protection for clients like you.
The updates affect how tax agents operate — and, by extension, how we communicate and deliver advice to our clients.
What’s Changing
Here’s a quick overview of the major updates coming into effect under the new TASA legislation — and what they mean for your experience as a client.
Formal Advice Requirements
Here’s the big one for clients: Any advice relating to your tax situation will now need to be documented in writing. That means your accountant can no longer give off-the-cuff advice over the phone or in casual conversations.
How we’re preparing: To protect your interests — and our tax agent registration — our team will provide advice via formal emails or written summaries. This ensures all advice is accurate, compliant, and clearly recorded for both you and the ATO.
Depending on the complexity, we may charge a fee for this documented advice. To make things easier, we’ve introduced a Monthly Support Package (starting from $180/month) that covers general queries and ensures you’ve got ongoing access to our team within a structured framework.
Notification Requirements for Clients
Firms are now required to proactively disclose any matter that could influence your decision to work with them — including past disciplinary action or registration restrictions within the last five years. You can expect more upfront transparency across all engagements.
Behind-the-Scenes Compliance Changes
Tax agents and BAS agents will now need to renew their registration each year (instead of every three), and they’re also required to report serious misconduct by other agents to the Tax Practitioners Board (TPB).
These compliance measures are aimed at lifting industry standards — you’re unlikely to notice them, but they help keep the industry accountable and trustworthy.
What You Need to Know
- We’ll need to document all tax-related advice
- Turnaround times may vary depending on the complexity of the issue
- Some advice may incur a fee (unless you’re on a support package)
How Wilson Accounting Is Preparing for the New TASA Legislation
At Wilson Accounting, we take compliance seriously. Our team has reviewed all internal systems and client engagement processes to ensure we’re fully compliant by the 1 July 2025 deadline.
We’re also educating our team and clients on what these changes mean and how they support our commitment to ethical, transparent, and professional service.
If you’re ever unsure of what counts as tax advice or how something should be handled, just reach out — we’re always happy to help.
Final Thoughts
TASA legislation changes are reshaping how accountants and tax agents deliver advice — with a stronger focus on professionalism, compliance, and client protection. For you, that means more clarity, more structure, and more peace of mind.
At Wilson Accounting, we’ll continue to provide proactive, practical advice — just with a few more checks and balances to keep everyone protected.
Want to know more about what’s changing or how our new support options work? Get in touch with our team today.
