Audit Insurance Protection

+ - Are you an Audit Target?

Whilst historically Tax Audits were targeted at big business and the wealthy, this has changed.  Increasingly the ATO and other Government Agencies are turning their attention to both small to medium businessess and individuals, particularly those who own rental properties, operate trusts, and/or have a Self Manged Super Fund.

+ - Why Purchase Audit Insurance?

The audit process can be very time consuming including preparation time and time repsonding to audit findings.  Related professional fees can be extensive, depending on the type of audit and the number of periods being audited.

Audit Insurance protects you from the unexpected costs incurred in responding to a compliance audit or an audit of a return you have previously lodged (e.g. Tax Return), reimbursing you for related professional fees and associated costs.

+ - What are the Polciy Features?

  • Covers costs associated with responding to any official inquiry, investigation, review, examination or audit conducted by a government authority*;
  • Provides you with the ability to cover your family members, trusts, SMSF’s, and/or Business under one policy;
  • You have the flexibility to choose the Level of Cover you are comfortable, with Limit options ranging from $10,000 to $50,000;
  • All Audit Insruance premiums are fully tax deductible.

*  For full details of the cover provided please refer to the CGU Tax Audit Policy Wording available from Express Insurance

+ - Who provides the insurance?

  • The Insurance is arranged by Express Insurance Pty Ltd (ACN 135 587 021, AR No. 336461), an Authorised Representative of Edgewise Insurance Brokers Pty Ltd (ACN 120 673 261, AFSL 307654) and is underwritten by CGU Insurance Limited (ACN 004 478 371, AFSL 238291).

+ - How do you purchase the Insurance and obtain a quote?

We have made it easy to purchase the insurance online in a few minutes.  Simply click on the following URL addresshttps://www.expressinsurance.com.au/tax-audit-insurance/acc.php?acc=81  or alternatively please contact this office.

You can pay by credit card or alternatively pay by instalment through Macquarie Premium Funding. Either way once you have paid or funded the premium you will receive all of your documents by email instantly.

+ - How do I renew my Policy?

That’s even easier!  We will send you renewal reminder emails starting six weeks from your renewal date containing a link for you to renew the policy online.  You simply click on the link and check your details, pay the premium and your policy is renewed.

+ - Want to know more?

If you wish to discuss the level of cover we recommend for you please contact this office.

If you have any questions regarding the Audit Insurance Policy or application process please contact Richard Coloretti or one of the team at Express Insurance on 1 300 464 989.

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