Confused about the new nomination process for client-to-agent linking? Don’t worry – here’s what you need to know.
On November 13, 2023, the ATO revised the process for tax agent access to enhance security against fraud and identity theft.
For ABN holders, the new agent nomination process is now mandatory, ensuring only authorised tax agents, BAS agents, or payroll services can access and act on your tax and super-related matters. This process applies when changing agents or adjusting authorisations for existing agents.
Your registered agent can connect with you and access your information only after completing this nomination process. This ensures that only the nominated agent can have access and perform tasks on your behalf, such as tax return lodgement.
This requirement applies to all entities with an ABN, excluding sole traders. Entity types covered include companies, partnerships, trusts, not-for-profits, joint ventures, cooperatives, self-managed super funds (SMSFs), and APRA-regulated superannuation funds.
The agent nomination process was already implemented for certain groups, including public and multinational businesses (Top 100 and Top 1,000), most public and multinational businesses, Top 500 privately-owned wealthy groups, and government entities, on specific dates in 2022 and 2023.
Individual taxpayers and sole traders are currently exempt from this requirement.
To grant access to your registered agent, nominate them via ATO’s Online services for business. While your registered agent can’t complete the process on your behalf, they can guide you through the necessary steps if needed. For support, contact the ATO or your registered agent directly.
