Re: Engagement of Amplify 11 Pty Ltd as Tax Agent for Individual Tax Returns

We are pleased to accept appointment as your Tax Agent for the 2024 individual tax returns. Amplify 11 will always act in your best interest and provide the highest level of professional service.

This document sets out the terms of the engagement between AMPLIFY 11 PTY LTD (“We” or “Us”) and the below named (“You”). Any additions will be by the written agreement of both parties.

As your Tax Agent we will:

• analyse, discuss and make recommendations regarding your tax return; and
• prepare and lodge your tax return for the tax year ended 30 June 2024 inclusive.

In addition to the financial information required to complete these tax returns it is expected that all relevant source documentation will be made available to us.

You are responsible for compliance with the substantiation provisions of the Income Tax Assessment Act. We will not be responsible for any errors brought about by your failure to provide information or documentation later found to be material to your tax affairs. You are responsible for the timely provision of information and we will not be responsible for any late lodgement or other fees and fines brought about by your failure to act in a timely manner.

Please note that any refund is an estimate only and we are not responsible and will not accept liability if the Australian Taxation Office determines an outcome which is different than that lodged.

Professional Fees and Payments

A minimum set fee of $187.00 (GST inclusive) is applicable to this service. Additional tax return schedules are charged on an “add-on” basis and will be communicated and agreed with you prior to commencement. For reference of all professional fees that may be applicable to this engagement please see Appendix A – Schedule of Services and Fees.

Terms of Payment

Upon the completion of the tax return preparation by AMPLIFY 11 PTY LTD you the client are obligated to fulfill the payment terms as agreed. Completion of services is defined as the final preparation of your tax return ready for lodgement with the Australian Taxation Office regardless of whether it has been lodged. Once the services are deemed complete payment is due in full within 7 days from the date of the completion notification regardless of the date of lodgement.

Failure to make timely payment as specified above will result in the application of late fees and may affect the lodgement of your tax return. Amplify 11 Pty Ltd reserves the right to enforce the collection of any due payments through legal means as necessary.

We look forward to providing you with this service and working with you into the future.

Kind regards,

ANTHONY DE FILIPPIS – CA
Lead Accountant & Founder – Amplify 11

TERMS & CONDITIONS

Client’s disclosure and record keeping obligations

You are required by law to keep full and accurate records relating to your tax affairs. It is your obligation to provide us with all information that will be necessary to allow us to perform work contemplated under the engagement within a timely manner or as requested. This includes providing accurate and complete responses to questions asked of you by us. Inaccurate, incomplete, or late information could have a material effect on services and/or conclusions.

The Taxation Administration Act 1953 now contains specific provisions that may provide you with “safe harbour” from administrative penalties for incorrect or late lodgement of returns. These safe harbour provisions will only be available to you if, amongst other things, you provide “all relevant taxation information” to us in a timely manner (the safe harbour provisions apply from 1 March 2010).

Accordingly, it is to your advantage that all relevant information is disclosed to us as any failure by you to provide this information may affect your ability to rely on the “safe harbour” provisions and will be taken into account in determining the extent to which tax practitioners have discharged their obligations to clients. It is your responsibility to show that you have brought all matters to our attention if you want to take advantage of the safe harbours created under the new regime.

Client’s rights and obligations under the taxation laws

Taxpayers have certain rights under Australian taxation laws including the right to seek a private ruling from the Australian Taxation Office (ATO) or to appeal or object against a decision made by the Commissioner. Taxpayers also have certain obligations under Australian taxation laws such as the obligation to keep proper records and the obligation to lodge returns by the due date. We must keep you informed of any specific rights and obligations that may arise under Australian taxation laws.

Tax Practitioners obligation to comply with the law

We have a duty to act in our client’s best interests. However, the duty to act in our client’s best interests is subject to an overriding obligation to comply with the law even if that may require us to act in a manner that may be contrary to your directions. For example, we could not lodge an income tax return that we believe to be false in a material respect.

Previous Returns

We have not been engaged to review the accuracy of any previous returns lodged by you or by a previous Tax Agent.

Quality Review

As a member of Chartered Accountants Australia & New Zealand we are subject to periodic reviews as part of the quality control review program of Chartered Accountants Australia & New Zealand. Unless otherwise advised, you are consenting to your files being part of such a quality review. This review is of our client records and not of you as a client and you have full assurances that complete confidentiality will be maintained throughout. We advise you that by accepting our engagement you acknowledge that if requested our files relating to this engagement will be made available under this program. Should this occur, we will advise you.

Limitation of Liability

Our liability is limited by a scheme approved under Professional Standards Legislation. Further information on the scheme is available from the Professional Standards Council's website: http://www.psc.gov.au

You agree not to bring any claim against any of our Principals, Directors, Shareholders, or employees in their personal capacity. To the maximum extent permitted by law, we are not liable to you for:

• indirect, special, or consequential losses or damages of any kind; or
• liability arising due to the acts or omissions of any other person or circumstances outside our reasonable control or your breach of these terms.

Cloud Computing and Storage of Personal Information

We use Xero (a cloud accounting system), Karbon HQ (a cloud practice management system), Xero Tax (acloud tax return preparation system), Dext (a cloud receipt and invoice capturing system), Office 365 (a cloud email and calendar system), NowInfinity (a cloud company record management system), Futrli (a cloud reporting and dashboard system), GoProposal (a cloud client engagement system), and Annature (a cloud electronic signature system). These cloud computing systems store files on remote servers operated by third parties including the use of hosting providers in the United States of America and in Singapore.

By agreeing to this engagement and accepting these services, you acknowledge and agree that your personal information may be stored electronically overseas.

Information you provide to us will be kept strictly confidential. Access to the information by our employees and contractors will be limited to the level of access required for them to complete the Services.

APPENDIX A – Schedule of Services and Fees

A minimum set fee of $187.00 (GST inclusive) is applicable to the preparation and lodgement of Individual Tax Returns. Fees for any additional tax return schedules are as per below:

* CGT events resulting from Managed Fund Portfolios or trading of shares within portfolios where the number of investments is less than 5

** CGT events resulting from trading of shares within portfolios where the number of investments is 5 or more