The Tax Return Authorization Form allows brokers to request copies of a client’s tax returns and assessment notices directly from their accountant. This is essential for verifying income, assessing loan eligibility, and ensuring compliance with lender requirements.
This guide explains the purpose of the Tax Return Authorization Form, when it is needed, and how brokers should handle it.
1. What Is a Tax Return Authorization Form?
This form grants permission for a loan writer or broker to contact the client’s accountant to:
✔ Obtain copies of personal and company tax returns
✔ Verify tax assessment notices
✔ Ensure accurate financial documentation for loan processing
By obtaining this authorization, brokers ensure that all financial information provided in a loan application is accurate and aligns with regulatory and lender requirements.
2. When Is the Tax Return Authorization Form Needed?
Brokers require this form in the following situations:
🔹 Home Loan & Mortgage Applications – To verify income stability for loan approval
🔹 Car & Asset Finance Applications – To assess taxable income and eligibility
🔹 Loan Refinancing – To confirm ongoing income levels for new loan terms
🔹 Business Loans & Trust Applications – To verify company financial records
3. Key Information Included in the Authorization Form
The form typically contains:
📌 Client Details – Full name, address, and signature
📌 Accountant’s Information – Accountant’s name and company details
📌 Broker/Loan Writer Details – The name of the loan writer requesting the documents
📌 Scope of Authorization – The specific tax documents requested
The accountant may be asked to provide:
✔ Personal Tax Returns
✔ Personal Tax Assessment Notices
✔ Company Tax Returns
✔ Company Tax Assessment Notices
✔ Trust Tax Returns
4. How to Use the Tax Return Authorization Form
Step 1: Client Completes and Signs the Form
The client fills out their name and address.
The client signs and dates the form, granting authorization.
Step 2: Broker Submits the Request to the Accountant
The broker forwards the form to the client’s accountant or tax professional.
Accountants are asked to provide relevant tax returns and assessment notices.
Step 3: Verification and Loan Processing
The accountant responds with the necessary tax documents.
The broker cross-checks the information with the loan application and lender requirements.
5. Compliance & Privacy Considerations
✅ Clients must sign the authorization before any tax documents are requested.
✅ The information must only be used for the loan application process.
✅ Brokers must handle client data securely to comply with privacy regulations.
✅ If the client wants to revoke authorization, a written request is required.
6. Need Assistance?
For questions regarding tax return verification or loan processing, brokers can contact the compliance team at Oxcel Broker Services.
📧 Email: [email protected]
📞 Phone: 1800 010 001
📥 Please visit to download this form: https://brokers.oxcel.com.au/partner/compliance