Changes to government regulation for Australian travel agents have altered the industry licencing and compliance requirements. In December 2012 the Travel Industry Transition Plan was approved, setting out reforms to travel agents’ regulation and the closure of the Travel Compensation Fund (TCF). On 1 July 2015, The Australian Federation of Travel Agents (AFTA) launched the “AFTA Travel Accreditation Scheme” (ATAS).
As part of the annual ATAS accreditation process members are required to maintain business compliance and provide proof of solvency. Hall Chadwick Melbourne can assist clients in the compliance process by preparing all relevant documentation. Members of the International Air Transport Association (IATA) are still required to complete a financial audit. The registered auditors at Hall Chadwick can provide financial audits and travel agents trust account audits to meet these compliance requirements. A travel agent audit conducted by Hall Chadwick for IATA compliance can also be supplied for ATAS accreditation.
The specialist audit and assurance services we provide include:
- Financial audits for IATA and ATAS accreditation
- Trust account audits for travel agents
- Compliance with Australian Consumer Law, IATA and ATAS regulations
- Financial reporting
- Certified annual financial reviews
- Review internal control policies and procedures
- Reviews of financial and operating systems and controls
- Business advisory services