Whilst Tax Audits were historically targeted at big business and the wealthy, increasingly the ATO and other government agencies are turning their attention to SMEs and individuals – particularly those who own rental properties, operate trusts, and/or have SMSFs. In addition, the rate of random audits is increasing, so there has never been a better time to get tax audit insurance.

Why purchase Audit Insurance?

Responding to audit findings can be very time consuming and the professional fees involved can quickly run into thousands of dollars. Express Audit Insurance protects you from these unexpected costs.

Policy Features

Express Audit Insurance provides the most comprehensive audit insurance protection available:
  • Covers costs associated with responding to any official inquiry, investigation, review, examination or audit conducted by a government authority
  • Provides the ability to cover your family members, trusts, SMSFs, and/or business under one policy
  • Provides flexibility for you to choose the level of cover you are comfortable, with limit options ranging from $10,000 to $50,000
  • Premiums are fully tax deductible
  • No claims excess
  • Covers audits for prior returns submitted on behalf of the Insured

Learn more here.

Speak to your Banks Group advisor if you are unsure about what level of cover to set. You will receive renewals reminders 4 – 5 weeks before your renewal date.

Get Audit Insurance