SECTION 1
What the scheme is
Professional Standards Legislation is a set of state and territory laws that allow approved schemes to cap the civil liability of professionals — typically lawyers, accountants, engineers and tax agents — provided members meet ongoing professional standards (continuing education, professional indemnity insurance, complaints handling).
In return for the cap, members are required to maintain higher professional standards than the law would otherwise demand. The trade-off is intended to keep professional services available and affordable while protecting the public.
SECTION 2
Our membership
Tax Tracker Pty Ltd is a participant in a scheme approved under Professional Standards Legislation through the Institute of Public Accountants (IPA). The scheme limits the total civil liability that may be awarded against the firm in any single claim or any aggregate of claims to the cap specified in the scheme.
The cap does not apply to claims excluded from the scheme by law (for example, claims under the Australian Consumer Law that cannot lawfully be excluded).
SECTION 3
Where to read the scheme
The scheme document — including the current cap, exclusions, and the standards we are required to meet — is published by the Institute of Public Accountants and available on request. Email info@taxtracker.com.au and we'll send you the version current as of your engagement.
The Australian Professional Standards Councils (professionalstandardscouncils.gov.au) publishes information about all approved schemes operating in Australia.
SECTION 4
Statement
Tax Tracker Pty Ltd · Liability limited by a scheme approved under Professional Standards Legislation.
This statement appears in the footer of every page on this site, on every invoice we issue, and on every formal piece of correspondence we send.
SECTION 5
Contact
info@taxtracker.com.au · (03) 8732 2126 · 26 Basildon Crescent, Strathtulloh VIC 3338
