1. When are tax agents required to have professional indemnity insurance (PII)?

2. Explain the level of Professional Indemnity insurance required

14.4 RETURNS AND ASSESSMENT

What is the due lodgement date for an individual taxpayer who lodges their own income tax return?

14.5 PAYMENT OF TAX

Why may the ATO impose a general interest charge (GIC)?

14.6 TAX AUDITS AND REVIEWS

Distinguish between a Tax Audit and a Review.

• Tax Audits

14.7 RULINGS AND DETERMINATIONS

Distinguish between a Private Ruling, Public Ruling and a Tax Determination.