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The following organisations have received approved advisor group status to date:
- The New Zealand Institute of Chartered Accountants
- Accountants + Tax Agents Institute of New Zealand
- CPA Australia
- Chartered Accountants Australia and New Zealand
What an approved advisor group is
Under section 20B(5) of the Tax Administration Act 1994 (TAA), an approved advisor group is a group that:
- includes natural persons who -
- have a significant function of giving advice on the operation and effect of tax laws; and
- are subject to a professional tax code of conduct in giving the advice; and
- are subject to a disciplinary process that enforces compliance with the code of conduct; and
- is approved by the Commissioner for the purposes of this definition.
The group must be approved by the Commissioner before a tax advisor who is subject to an approved advisor group's code of conduct and disciplinary procedures can claim the right of non-disclosure on behalf of a taxpayer.
The Commissioner will exercise her power of approval at a high level of delegated authority having regard to the statutory requirements and such other relevant considerations as may be applicable.
Non-disclosure right for tax advice documents
Read our Standard Practice Statement 05/07 - Non-disclosure for tax advice documents for further information.