Identity Verification for Australian Accountants

Which Accounting Services Require Client Verification?

Under Tranche 2, you must verify client identities before providing these designated services:

• ✓
  Company registrations via ASIC
  Registering a new company or business name on behalf of a client.
• ✓
  Buying, selling or transferring a company or trust
  Assisting with any transaction involving a controlling interest in a body corporate or legal arrangement.
• ✓
  Creating or restructuring a trust
  Setting up family trusts, unit trusts, SMSFs or restructuring existing arrangements.
• ✓
  Equity or debt financing
  Assisting clients with capital raising, share issuances or debt financing.
• ✓
  Trust and company service provider functions
  Acting as director, secretary, trustee or nominee shareholder on behalf of a client.

Note: Regular tax returns, BAS lodgements and bookkeeping do NOT require verification under Tranche 2.