Australian Association of Professional Bookkeepers -

Does your bookkeeper have Professional Indemnity and Public Liability insurance?
You, as the taxpayer, may be liable to pay any fines or penalties (including general interest charges) levied on your accountant or bookkeeper for errors or negligence.*

Does your bookkeeper have Professional Indemnity (PI) and Public Liability (PL) insurance to protect you if this happens?

If not, AAPB has an exclusive arrangement with QBE Insurance to provide our members with the most affordable PI and PL insurance package in Australia. Monthly instalments are available to make it easier than ever for your bookkeeper to remain compliant.

You are liable for fines and penalties, so make sure you are protected

* Under subsection 251M(1) of the ITAA 1936 if, through the negligence of a registered tax agent, or of a person exempted under section 251L of the ITAA 1936, a taxpayer becomes liable to pay a fine, other penalty or the general interest charge under a provision of the ITAA 1936, the registered tax agent, or the person, as the case may be, shall be liable to pay to the taxpayer the amount of that fine or other penalty, additional tax or general interest charge, and that amount may be sued for and recovered by the taxpayer in any court of competent jurisdiction.