Tax Audit Insurance

Why is tax audit insurance important?

ATO and State Revenue audits are active. Give clients peace of mind with comprehensive Tax Audit Insurance that covers professional representation fees during audits, reviews and investigations.

Why Accounting Firms Are Offering Tax Audit Insurance

Audit activity is rising and scrutiny extends to SMEs and individuals - not just large groups (ATO compliance programs and SRO initiatives continue to expand). Offering audit insurance meets a real client need.
Audits are expensive to respond to. Professional fees can quickly escalate depending on scope and duration. Covering representation costs removes surprise bills and strain.
Strengthen client relationships & reduce friction. When an audit notice lands, clients want immediate, expert help - without worrying about the invoice.

‍Who It’s For

Accounting firms seeking to protect clients and reduce audit‑related support burden.
SMEs, individuals, trusts, and SMSFs that may be selected for audits or reviews.
Industries with complex or cash‑heavy operations (higher scrutiny potential).

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How It Works (3 simple steps)

Your accounting firm takes up tax audit insurance policy through us: We send out the offer to your clients.
Clients activate coverage: Referral link → quick online quote → purchase → confirmation.
When an audit happen: We cover eligible professional fees and support representation throughout the process.

What does Tax Audit Insurance cover?

Covered

Professional representation fees incurred in responding to: ATO audits, reviews, and investigations State Revenue Office audits and reviews Government agency reviews related to tax and payroll obligations

Typical audit categories: Income Tax, GST & BAS Compliance, Payroll Tax, Superannuation Guarantee, Fringe Benefits Tax (FBT), Workers Compensation, R&D Tax Incentive programs, Stamp Duty & Land Tax

Coverage is subject to policy terms, limits and eligibility. Exclusions commonly include fines/penalties, interest on tax assessed, fraud or intentional misconduct, and work unrelated to an audit (e.g. bookkeeping). Always refer to the PDS and T&Cs.

Why is tax audit insurance important?

Who It’s For

Accounting firms seeking to protect clients and reduce audit‑related support burden
SMEs, individuals, trusts, and SMSFs that may be selected for audits or reviews
Industries with complex or cash‑heavy operations (higher scrutiny potential)
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Built for Firms: Admin‑Light Delivery

Easy to roll out

Pre‑built client email templates, FAQs and explainer assets
Digital referral or group scheme options (choose the model that suits your practice)
Access to your tax audit advisor to provide any assistance

Frictionless client experience

Fast online quotes and transparent pricing
Clear coverage scope and claim support
Renewal reminders and self‑service updates

Commercial clarity

Partner pricing and revenue options (if applicable)
Reporting on client uptake and engagement

‍How It Works (3 simple steps)

Your accounting firm takes up tax audit insurance policy through us
We send out the offer to your clients
Clients activate coverage
Referral link → quick online quote → purchase → confirmation
When an audit happens
We cover eligible professional fees and support representation throughout the process.

(03) 9967 1400
enquiries@plibrokers.com.au

Tax Audit Insurance

Get a Quote

Why PLI?

We have you covered.

01 Tailored Insurance Solutions

Our team at PLI Brokers crafts bespoke insurance solutions tailored to your specific needs.

02 Expert Risk Analysis and Management

PLI Brokers provides expert risk analysis and management services to safeguard your business against potential threats.

03 Unparalleled Customer Service

Our dedicated team is committed to providing prompt, professional, and personalised assistance at every step of your insurance journey.

Frequently Asked Questions

What exactly does Tax Audit Insurance cover?

It covers professional fees (accountants/tax agents/legaladvisors) required to respond to eligible ATO, SRO, or other government bodyaudits, reviews, or investigations. Policy limits, sub‑limits and eligibilityapply.

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Does it cover penalties or interest?

Typically no - most policies exclude fines/penalties and interest on tax assessed. Please refer to the PDS for full details.

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Who should consider coverage?

SMEs, individuals, the self‑employed, trusts and SMSFs. Many firms recommend it broadly because audits can occur even if you’ve done everything correctly.

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Will it cover audits of past returns?

Most commonly, yes. Policies may include retroactive periods. Coverage for prior returns depends on the policy’s terms and the timing of the audit notice.

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How do claims work?

Notify us as soon as an audit/review notice is received. We’ll confirm coverage, coordinate representation and manage eligible professional fee payments per policy terms.

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Is this necessary if I already have a good accountant?

Yes. Even with excellent preparation, responding to an audit is costly and disruptive. Insurance ensures clients can access professional help without unexpected bills.

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Does it cover multiple audits?

Coverage can apply to multiple eligible events within the policy period, subject to limits and sub‑limits.

Are there any exclusions?

Common exclusions include fraud/intentional misconduct, claims known prior to inception, routine tax advice unrelated to an audit and regulatory fines/interest. See PDS for the definitive list.

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Tax Audit Insurance

Why is tax audit insurance important?

What does Tax Audit Insurance cover?

Covered

Professional representation fees incurred in responding to: ATO audits, reviews, and investigations State Revenue Office audits and reviews Government agency reviews related to tax and payroll obligations

Typical audit categories: Income Tax, GST & BAS Compliance, Payroll Tax, Superannuation Guarantee, Fringe Benefits Tax (FBT), Workers Compensation, R&D Tax Incentive programs, Stamp Duty & Land Tax

Coverage is subject to policy terms, limits and eligibility. Exclusions commonly include fines/penalties, interest on tax assessed, fraud or intentional misconduct, and work unrelated to an audit (e.g. bookkeeping). Always refer to the PDS and T&Cs.

Not Covered

Fines and Penalties

Interest Charges

Pre-Existing Audits

Fraud and Evasion

Routine Accounting Work

Why is tax audit insurance important?

(03) 9967 1400enquiries@plibrokers.com.au

Tax Audit Insurance

Why PLI?

01

Tailored Insurance Solutions

02

Expert Risk Analysis and Management

03

Unparalleled Customer Service

Frequently Asked Questions

What exactly does Tax Audit Insurance cover?

Does it cover penalties or interest?

Who should consider coverage?

Will it cover audits of past returns?

How do claims work?

Is this necessary if I already have a good accountant?

Does it cover multiple audits?

Are there any exclusions?

Explore our products

Schedule a meeting with a PLI Broker today.

Melbourne Office

Sydney Office

Please complete the form and one of our consultants will contact you shortly.

(03) 9967 1400
enquiries@plibrokers.com.au