March 2010, a new legislation took effect. This legislation is known as
the Tax Agent Services Act 2009.
the legislation taking effect, it will change and impact all bookkeeping businesses
that supply BAS Services to the public.
bookkeepers that have applied to the Board for registration as a BAS Agent are
permitted to render BAS services to their clients. The laws impose a
range of civil penalties ranging from $5,500 to $137,500 (per offence) for
bookkeepers illegally providing BAS services.
to become registered as a BAS Agent under the Tax Agent Services Act, there are
a number of options depending on the size of your business and how it operates
and whether you can bear the significant additional costs that will come with
being a BAS Agent.
Agent Registration & Renewal Fees
of Educational Requirements
Training (at least 15 hours per year)
in software and hardware
to become registered as a BAS Agent under the Tax Agent Services Act, a
bookkeeper must satisfy the Board that they meet certain criteria. There
are Transitional Regulations in place to offer bookkeepers a reasonable period
of time to meet all of these requirements as well.
WHAT DOES THIS MEAN FOR YOU?
that your bookkeeper is registered as a BAS Agent under the Tax Agent Services
Act 2009, which may be by virtue of the Transitional Regulations.
business is considered to be a BAS Agent by virtue of the Transitional Rules.
My application to the Tax Practitioners Board was approved.
business is a BAS Agent, we can legally provide BAS Services to you.
perspective, you can take comfort from the knowledge that your BAS Services are
being provided by a registered and competent professional who is operating at a
higher level than a standard bookkeeper.
further step toward assuring the accuracy of the BAS Services that we provide
you, we have all work Quality Assured by ABN BAS Pty Ltd.
Pty Ltd is a Registered BAS Agent in its own right exclusively servicing
members of the Australian Bookkeepers Network (ABN), of which we are a member.
We also have the ability to seek a second perspective from ABN BAS on any
advanced issues that we come across.
We hope that by providing this useful information
with regards to the changes that have taken place, it will make your decision
easier when selecting a bookkeeper.