We want to let you know about a recent change to the Inland Revenue Department (IRD) Authority to Act requirements, and what we have done to make sure you continue to get IRD Authority in 2Shakes.
If you don’t use 2Shakes to get IRD Authority you can ignore this update, thanks.
IRD has published a new Authority to Act (A2A) Operational Statement, which you can read here.
When you are getting IRD A2A in 2Shakes, you should be aware of the following:
Please see below for more information on all of these areas.
The new policy requires you to carry out ID Verification of your client.
You can either carry out ID Verification in line with AML requirements, or follow the process in the Policy document.
The good news is 2Shakes already requires you to carry out IDV when Government Authority is captured, regardless of whether you do AML or not.
For those of you who are not AML Reporting Entities, please ensure you meet the requirements of AML or the IRD Policy.
In 2Shakes there are three ID Verification options:
We have made a couple of wording changes which were needed for Sole Traders. To help with clarity (and ease of compliance during review) we have made the changes for everyone, even where they don’t strictly need to.
Our default IRD Consent Statement allowed you to link to all accounts except Child Support.
In line with the new policy, we have also excluded Paid Parental Leave and KiwiSaver accounts.
If you use the default wording in 2Shakes we have updated this for you. you should go to your Business Profile>Authorities and check.
If you have changed the default wording we can’t update it in case we overwrite other changes you have made. Please go to your Business Profile>Authorities and make the change, thanks.
Remember – checking or changing your profile above only needs to be done once for your practice, and requires admin access.
It is important that all people signing for an entity have their position provided.
In a multi-entity Agreement, the Main Signatory is signing for all organisations, and their Position/Role is already captured.
In a single-entity Agreement, if more than one signatory is needed, 2Shakes now asks you to enter the position of all additional signatories when they are added.
As well as the above, there may be some areas of the new Operational Statement that optionally apply to your practice. We recommend reviewing the document, and updating the IRD Consent statement in Business Profile>Authorities if necessary.
If you are doing a renewal, please remember to turn back on the IRD Authority on Page 3 – Authorities to capture the new wording.
Please note: The Operational Statement mentions “tick-boxes” for electronic authority. That relates to selecting “ALL Accounts” versus a sub-set of specific accounts. Since the consent statement in 2Shakes already specifies which accounts, choosing accounts via a tick box is not required or applicable. Your client is still authorising via the tick box. If you do only want to get authority for a subset of accounts, please just update the wording of the consent statement itself.