Terms of our Consulting Agreement

TERMS AND DEFINITIONS OF CONSULTING AGREEMENT (COAG)

Our Consulting Agreement (COAG) will set out in an email between Browne & Company and you the Client, these terms and definitions.

Browne & Company - ABN 86 380 836 761 : is the trading name for Phillip Browne, Registered Tax Agent (RTA: 3495 7007) and Chartered Tax Adviser (CTA). If you have any questions please contact Anna Hughes, Business Manager on anna@browne.com.au.

COAG Purpose: A short statement of purpose for our COAG with you.

Objectives of the COAG: A brief summary of the objectives of the COAG including reference to the fact that:

(a) procedures to be performed will be limited exclusively to those related to the COAG;

(b) neither an audit nor a review will be conducted and, accordingly, no assurance will be expressed; and

(c) unless otherwise agreed, the COAG cannot be relied upon to disclose irregularities, including fraud, other illegal acts and errors that may occur.

Scope of the COAG: Pertinent details of such matters as: (a) time periods covered by the COAG; (b) period of appointment and time schedules; (c) references to any legislation and professional standards that may be relevant to the COAG; (d) Client operations or procedures to be included in the COAG; (e) details of information to be provided by the Client; (f) any limitations on the conduct of the COAG; and (g) other matters considered necessary or appropriate.

COAG output (Result): Details of reports or other anticipated outputs, including: (a) expected timing; (b) the intended use and distribution of reports; (c) the nature of any anticipated disclaimer or arrangement that limits our liability to the Client or any other user of the results of the COAG.

Relative responsibilities: Responsibilities agreed upon, detailing those acknowledged to be the responsibility of Browne & Company:

(a) including reference to relevant confidentiality requirements;

(b) the Client, noting the fact that the Client is responsible for the completeness and accuracy of information supplied to Browne & Company; and (c) any third party.

Involvement of others: Where the work of another pesron is to be used on some aspects of the COAG, the details of this involvement should be documented in the COAG.

People who undertake your work:

Phil – Director phillip@browne.com.au M. 0412 135 402

Anna – Business Manager anna@browne.com.au M. 0466710094

Adrian - Tax Consultant

Juni - Chartered Accountant

*Please note that our people work part time hours, often remotely.

Hourly Rates

Where applicable hourly rates are up to $400 plus gst for Phillip and the Tax Consultant and others are $220 per hour plus GST. Rates will be explained in your COAG.

Fixed Fees and Disbursements

We aim to charge fixed fees wherever possible. The disbursements that may be charged to you during your work are as follows and are subject to change at any time.

The fees below are inclusive of administration time and exclude GST:

Accounting

Xero software set up - $150 per entity

Members voluntary liquidation – basic - $3,300

Company voluntary deregistration (Strike Off) - $1,500

Searches and Registrations

ASIC Company Search (Current) - $75

ASIC Company Search (Historical) - $100

ACNC Search General - $75

ATO Search General - $75

ABN Search and changes - $75

ASIC People Search $125+
PPSR Search - $100 per item/entity

PPSR Registration or Removal - $330 per entity/item

Registrations e.g. ABN, GST, TFN, PAYG and Business Names $150 each

Unclaimed Monies and Superannuation search- $75

Taxation research on Taxation Institute Tax Knowledge Exchange $132

Data matching query from ATO - Minimum $150

Infotrack Searches - $100

Land Tax
Revenue NSW - Land searches - $75

Revenue NSW - First Land Tax Return - $250

Corporate Secretarial

ASIC Annual Review service (outsourced to Tinworth&Co) $200 annually

Forming a company (includes TFN, ABN, GST and all meetings and admin) - $2,600

Forming of Trust with a Trustee company (includes TFN, ABN, GST and all admin) - $3,000

Stamping (includes Stamp Duty in NSW) - $750

Miscellaneous

Meeting Room Hire - $75 per hour

Tolls. parking and travel in Sydney regions - $100 per hour

Other disbursements, not listed, are at cost, plus an administration fee.

Fees and billing arrangements: Reference to the basis of fees (e.g. time-based billing, fixed price contracts, contingent fee arrangements or other similar agreement). Details of agreed upon billing schedules, including standard terms which are 14 days.

Ownership of documents: The COAG will make clear who owns any documents produced as a result of the COAG or provided by the Client for such a purpose including electronic data.

Confirmation by the Client (Acceptance): Request for a response from the Client confirming your understanding of the Terms of the COAG as outlined in the COAG. It is preferable, but not obligatory for this confirmation of Client acceptance of the COAG to be obtained in a written form.

Benefits: If applicable, a statement of likely benefits will be outlined in your COAG.

Terms of the Consultling Agreement

By agreeing to the COAG that has been provided to you, you also understand and accept the following:

Fundamental Principles

(a) Integrity – to be straightforward and honest in all professional and business relationships.

(b) Objectivity – to not allow bias, conflict of interest or undue influence of others to override professional or business judgements.

(c) Professional competence and due care – to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent Professional Services based on current developments in practice, legislation and techniques and act diligently and in accordance with applicable technical and professional standards.

(d) Confidentiality – to respect the confidentiality of information acquired as a result of professional and business relationships and, therefore, not disclose any such information to third parties without proper and specific authority, unless there is a legal or professional right or duty to disclose, nor use the information for the personal advantage of the Member or third parties.

(e) Professional behaviour – to comply with relevant laws and regulations and avoid any action that discredits the profession.

Tax Agent Appointment and Taxpayer Declaration to Tax Agent

By agreeing to this COAG, you declare and authorise:

Browne & Company is appointed to act as your tax agent (Registered Tax Agent Number 34957007.

You authorise your Tax Agent, Browne & Company and authorised persons of the entity to submit any returns, notices, statements, application or other documents including objection and appeal documents to the Commissioner of Taxation as required.

You declare that the information provided by you and contained in documents to prepare the above returns, statements, application or documents is true and correct. You will retain this declaration for 5 years from the date of the COAG.

You authorise your Tax Agent, Browne & Company to provide this declaration to the Commissioner of Taxation.

Required Disclosures

As a Tax Agent, our work for you is performed in accordance with the Tax Agent Services Act 2009. Under this Act, the Tax Agent Services (Code of Professional Conduct) Determination 2024 requires that we make the following disclosures to you:

Matters that could significantly influence your decision to engage us (or continue to engage us) for a Tax Agent Service from 1 July 2022 onward include the following: None Applicable
The Tax Practitioner’s Board maintains a register of Tax Agents and BAS Agents. You can access and search this register here: https://www.tpb.gov.au/public-register.
If you have a complaint about our Tax Agent BAS Agen] services, you will need to contact your Accountant in the first instance with details by email. If they are unable to resolve your complaint within 3 business days, please contact Anna Hughes by by email. Your complaint will be investigated by [the Director or a staff member who is not involved in the subject matter of the dispute where possible. We will provide you with email acknowledgement of receipt of your complaint and our understanding of the circumstances. The email will inform you that we will attempt to resolve yur complaint with 14 days and will outline the dispute resolution process. If you are unhappy with the outcome that we propose to you, you can then make a complaint to the Tax Practitioners Board (TPB) using the link listed above. The TPB will send you an email to acknowledge the receipt of your complaint and review and risk assess your complaint. If you are unhappy with how the TPB has dealt with your complaint, the above link includes details about your review rights and who can further assist you.

For any questions or notices, please contact:

Browne & Company ABN 86 380 836 761

Email: phillip@browne.com.au or anna@browne.com.au

Last update: 29 July 2024

Disbursements