Free tool · printable
Is my tax debt adviser legit? A red-flag check
Tick anything an adviser has said or done. You'll see which regulator warnings apply and exactly how to check who you're dealing with. Nothing leaves your browser.
How to verify anyone in two minutes
- Registered liquidators and restructuring practitioners — search ASIC's professional registers.
- Registered bankruptcy trustees — check with AFSA.
- Tax agents — search the Tax Practitioners Board public register. Anyone negotiating with the ATO for a fee must be registered.
- Lawyers — check the law society or legal practice board in your state.
- Professional bodies — ARITA, CPA Australia and CA ANZ list members.
Why these warnings exist
ASIC says the pre-insolvency industry is unregulated and advisers have varying qualifications and experience. The ATO warns that following bad advice — especially advice to move assets or mislead authorities — could put you at risk of a fine, criminal conviction or even a jail term. ASIC notes penalties for illegal phoenix activity of up to 15 years' imprisonment for directors, and the same can apply to those who encourage it.
None of this means insolvency professionals are untrustworthy. Registered liquidators and trustees are regulated and accountable, and many do excellent work. The checklist simply helps you tell the difference — and gives you permission to slow down. For the full background, read be careful who you call and the ten questions to ask any adviser.
Hold us to it too
We're a business funder — not an insolvency firm, a liquidator or a tax agent. We don't cold-call people in court, we never charge a percentage of your debt, and everything we arrange is in writing. If we ever tick a box on this list, walk away. If you'd like to know whether funding could pay the ATO instead, start a quick enquiry — no credit check involved.
Free and official help
These cost nothing to call or check. We list them because a good decision starts with good information — whoever you end up working with.
- Small Business Debt Helpline 1800 413 828 Free, independent financial counselling for small business owners.
- National Debt Helpline 1800 007 007 Free financial counselling for individuals and sole traders.
- ATO — payment plans Set up or change a plan online or by phone with the ATO directly.
- ASIC professional registers Check that a liquidator or administrator is registered.
- Tax Practitioners Board register Check that anyone negotiating with the ATO for a fee is a registered tax agent.
- ATO phoenix tip-off line 1800 060 062 Report suspected illegal phoenix activity or dodgy advice.
Numbers and links checked 4 October 2026.
Frequently asked questions
Does one red flag mean an adviser is dishonest?
Not necessarily. One flag is a reason to check registration, ask questions and get things in writing. Several flags together are a strong reason to stop and get a second opinion.
Where do these red flags come from?
From the ATO's guidance on insolvency advice and illegal phoenix activity (updated September 2026), ASIC's illegal phoenix activity page, ARITA's 'Beware of dodgy insolvency advisers' and AFSA's untrustworthy debt advisers page.
Can I print the checklist?
Yes. Use the print button — the page prints cleanly without menus, so you can keep it by the phone.
Who do I report a dodgy adviser to?
Suspected illegal phoenix activity can be reported to the ATO on 1800 060 062 or phoenixreferrals@ato.gov.au. ASIC also accepts misconduct reports.
Want a straight answer before you sign anything?
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