Liability limited by a scheme approved under Professional Standards Legislation.
Phone: 0432 593 875
The information contained in this website is for general information purposes only. Nothing in the information should be considered professional advice. It is intended only to be general information and we recommend you contact Victory Accounts should you seek specific advice. Any reliance upon the information on this site will be at your own risk.
To the extent permitted by the law, Victory Accounts disclaims any responsibility or liability for any errors or omissions in the information on this site or for the content of any third party sites that may link from this site.
We do not give any warranty that this website is free from viruses or anything else which may have a harmful effect on any technology.
Terms and Conditions
Terms of Engagement with Victory Accounts
The Victory Accounts Commitment to You:
We will undertake the engagement as described in your Engagement Letter or by agreement and in accordance with these terms and conditions and the requirements of relevant laws and accounting standards.
Your Commitment to Us:
You will pay your account in accordance with our agreed payment terms.
You will be open, frank and honest with us at all times.
You will provide us with all information necessary to complete the engagement in a timely manner.
You will inform us immediately of any concerns you have about our work.
Scope of services
The procedures we will perform will be limited exclusively to those outlined in the enclosed service agreement letter or as otherwise engaged by yourself.
Should circumstances arise that cause you to request services outside of this agreed scope, we will agree with you the nature and scope of these additional services together with fees, payment and other service terms in writing before the commencement of these additional services.
Our agreed procedures do not include verification or validation procedures. They are not to be construed as providing audit or other assurance of information provided.
Our engagement procedures cannot be relied on to detect irregularities including fraud, other illegal acts or errors that may exist. We will however inform you of any such matters should they happen to come to our attention.
Financial Reports prepared by us pursuant to this agreement will contain a disclaimer specifying the extent of our responsibility for reliance thereon.
Where the scope of services includes ‘General Discussions and Advice’, you will be entitled to initial consultation discussions with us. If your question or issue requires additional research and analysis beyond the initial consultation, that work will be subject to an additional price negotiation before the service is to be performed. We will agree with you the nature and scope of these additional services together with fees, payment and other service terms in writing before the commencement of these additional services.
Accounting and Taxation Services
Statutory responsibility for the preparation of financial statements remains with the company’s Directors. Victory Accounts will undertake to provide the necessary assistance to ensure that your company’s statutory obligations are met.
You will be required to provide us with all the necessary assistance and information to ensure that financial reports and income tax returns are accurate, complete and lodged within the prescribed period.
Before we lodge any necessary documents on your behalf, we may ask you to approve draft documentation. We will ensure that document is lodged with the relevant entity by the due date, provided you have supplied us with all the necessary information and documents in adequate time to allow for the preparation and lodgement of the required documentation.
Tax Agent Appointment
Where we are expected to prepare and lodge income tax returns on your behalf, you agree to our appointment as your tax agent.
Failure to provide us with all information necessary to complete the engagement in a timely manner may incur penalties from regulators.
Victory Accounts is not responsible for any penalties incurred for late lodgement of the required information in these circumstances.
To the extent permitted by law, we do not accept liability for any loss or damage that any person, other than the parties to this agreement, may suffer arising from any negligence on our part. Please note that Liability is limited by a scheme approved under Professional Standards Legislation.
The final documents that we are specifically engaged to prepare, together with any original documents provided to us by you, are your property.
Any documents brought into existence by us including accounting records, working papers, drafts and copies remain our property.
For our internal quality purposes, we are entitled to retain a copy of any documentation or other material upon which our services are based.
The conduct of this engagement in accordance with the code of ethics of CPA Australia means that the information acquired by us during the course of the engagement is subject to strict confidentiality requirements. We will not disclose information to other parties except as required or allowed by the law or professional standards or with your express consent.
Fair Handling of Personal Information
Our files may be subject to review as part of the quality control program of The CPA Australia, which monitor compliance with professional standards by their members. We advise you that by signing this letter you acknowledge that, if required, our files will be made available under this program. Strict confidentiality requirements apply under this program.
Either party may terminate this agreement at any time, for any reason, with 30 days written notice to the other party.
Any unpaid fees that are outstanding as at the date of termination are to be paid within 14 days from termination date.
Payment for Our Services
Invoices for the services provided may be forwarded to you on a periodic basis as the work progresses.
Payment is required with 14 days of the date of our invoice.
For your convenience, credit card or EFTPOS facilities can be used to make your payments.
Victory Accounts is committed to providing quality services to you and this policy outlines our ongoing obligations to you in respect of how we manage your Personal Information.
We have adopted the Australian Privacy Principles (APPs) contained in the Privacy Act 1988 (Cth) (the Privacy Act). The NPPs govern the way in which we collect, use, disclose, store, secure and dispose of your Personal Information.
A copy of the Australian Privacy Principles may be obtained from the website of The Office of the Australian Information Commissioner at www.aoic.gov.au
What is Personal Information and why do we collect it?
Personal Information is information or an opinion that identifies an individual. Examples of Personal Information we collect include: names, addresses, email addresses, phone and facsimile numbers.
This Personal Information is obtained in many ways including interviews, correspondence, by telephone and facsimile, by email, via our website www.victoryaccounts.com.au, from your website, from media and publications, from other publicly available sources, and from third parties. We don’t guarantee website links or policy of authorised third parties.
We collect your Personal Information for the primary purpose of providing our services to you, providing information to our clients and marketing. We may also use your Personal Information for secondary purposes closely related to the primary purpose, in circumstances where you would reasonably expect such use or disclosure.
When we collect Personal Information we will, where appropriate and where possible, explain to you why we are collecting the information and how we plan to use it.
Sensitive information is defined in the Privacy Act to include information or opinion about such things as an individual's racial or ethnic origin, political opinions, membership of a political association, religious or philosophical beliefs, membership of a trade union or other professional body, criminal record or health information.
Sensitive information will be used by us only:
For the primary purpose for which it was obtained
For a secondary purpose that is directly related to the primary purpose
With your consent; or where required or authorised by law.
Where reasonable and practicable to do so, we will collect your Personal Information only from you. However, in some circumstances we may be provided with information by third parties. In such a case we will take reasonable steps to ensure that you are made aware of the information provided to us by the third party.
Disclosure of Personal Information
Your Personal Information may be disclosed in a number of circumstances including the following:
Third parties where you consent to the use or disclosure; and
Where required or authorised by law.
We may disclose your personal information to third parties (including government departments and enforcement bodies including the ATO, ASIC, and APRA where required or permitted by law. In particular the ATO have specific powers to access your information where they deem necessary.
Acceptance of our services indicates acceptance of the potential use of these services where necessary.
Where we disclose your personal information to other entities or to third party service providers, we will at all times remain accountable for their handling of that information. This includes taking steps to ensure that those recipients protect that information from unlawful access, modification or disclosure, and from misuse, interference and loss. Your personal information is not disclosed to third parties for the use of allowing them to send marketing material to you.
All information forwarded to service providers remain the property of Victory Accounts and all necessary security measures are adhered to.
Where possible all data is stored on domestic servers. Where the data is not stored on domestic servers appropriate security checks have been made to ensure the protection of any data.
Security of Personal Information
Your Personal Information is stored in a manner that reasonably protects it from misuse and loss and from unauthorized access, modification or disclosure.
When your Personal Information is no longer needed for the purpose for which it was obtained, we will take reasonable steps to destroy or permanently de-identify your Personal Information. However, most of the Personal Information is or will be stored in client files which will be kept by us for a minimum of 7 years.
Access to your Personal Information
You may access the Personal Information we hold about you and to update and/or correct it, subject to certain exceptions. If you wish to access your Personal Information, please contact us in writing.
Victory Accounts will not charge any fee for your access request, but may charge an administrative fee for providing a copy of your Personal Information.
In order to protect your Personal Information we may require identification from you before releasing the requested information.
Maintaining the Quality of your Personal Information
It is an important to us that your Personal Information is up to date. We will take reasonable steps to make sure that your Personal Information is accurate, complete and up-to-date. If you find that the information we have is not up to date or is inaccurate, please advise us as soon as practicable so we can update our records and ensure we can continue to provide quality services to you.
This Policy may change from time to time and is available on our website.