Document ID: chunk:federal_register_of_legislation:F2025C00168:reg:5:p1
Version: federal_register_of_legislation:F2025C00168
Segment Type: reg
Provision Reference: reg 5 (pt 1/2)
Character Range: 14265–18097

5                                              the same as for item 4                                                                                                                                                                                                                            take any further action as you reasonably consider is needed in the public interest.
                                                                                                                                                                                                                                                                                                 However, this item does not apply to the extent that:
                                                                                                                                                                                                                                                                                                 (a) doing so would pose an unreasonable risk to your personal safety, or the safety of a member of your family or an at risk staff member of yours; or
                                                                                                                                                                                                                                                                                                 (b) doing so would be unlawful under another Australian law.

Note 1: There may be other situations where you will need to withdraw from a client engagement to avoid potential exposure to civil or criminal penaltiessee, for example, section 50-20 of the Act and sections 8K and 8N of the Taxation Administration Act 1953.
Note 2: There may be other situations where you will need to report an identified false or misleading statement to the Boardsee Subdivision 30-C of the Act.
Note 3: The obligations in the table have been informed by standards issued by the Accounting Professional & Ethical Standards Board (including the Code of Ethics). In 2024, the standards could be viewed on the Accounting Professional & Ethical Standards Board website (http://apesb.org.au).
Note 4: In determining whether a client's actions have caused, are causing, or may still cause, substantial harm to the interests of others (including investors, creditors, employees, or the public), regard is expected to be had to all relevant matters, including:
(a) whether the client's actions have resulted, are resulting, or may result, in serious adverse consequences to others in either financial or non-financial terms; and
(b) any of the rights and obligations under the taxation laws (as are relevant); and
(c) the appropriateness and timeliness of your client's response to your advice that the statement should be corrected (including any information that would lead you to conclude that your client lacks integrity); and
(d) the urgency of the situation.
 (2A) For the purposes of subsection (2), in determining what is a reasonable period of time, you should have regard to the nature of the statement, the circumstances of your client, the details that were false or misleading, how long ago the statement was made, the relevant period of review, any timeframe set out in a taxation law for the lodgement of the statement or a correction to the statement, and any other relevant matter.

Statements made to other Australian government agencies
 (3) You must not:
 (a) make a statement to an Australian government agency (other than the Board or the Commissioner); or
 (b) prepare a statement that you know, or ought reasonably to know, is likely to be made to an Australian government agency (other than the Board or the Commissioner) by an entity; or
 (c) permit or direct someone else to make or