Bookkeeping Services – BAS Agents Registration

If you are an individual or entity providing BAS Services in your own right for a fee or reward you are required by law to be registered as a BAS Agent.

Exceptions- You do not need to register as a tax or BAS agent if you are:

  • An employee of an organisation that prepares business activity statements for their employer’s business
  • An employee of a registered tax or BAS agent and you do not provide tax agent or BAS services in your own right
  • A legal practitioner providing tax agent or BAS services as a legal service under a state or territory Legal Profession Act and do not prepare and lodge returns or return like statements such as: ­   business activity statements, instalment activity statements, superannuation guarantee statements, pay as you go withholding payment summary statements
  • A legal practitioner providing tax agent or BAS services as a legal service under a state or territory Legal Profession Act in the course of acting for a trust or deceased estate as a trustee or legal personal representative
  • A customs broker licensed under the Customs Act 1901 providing a BAS service relating to imports or exports to which an ‘indirect tax law’ (as defined in section 995-1 of the Income Tax Assessment Act 1997 (ITAA 1997)) applies.

If you fall into the the above categories of providing a BAS Related Service, you will also be required to meet the following Qualification Obligations:

Option 1:

  • Have been awarded a Certificate IV in Financial Services (Bookkeeping) or (Accounting) from a registered training organisation or equivalent institution, and
  • Have successfully completed a Board approved course in basic GST/BAS taxation principles (which may be included in the Certificate IV).

OR Option 2:

  • Have been awarded a higher award than a Certificate IV in the field of bookkeeping or accounting from a registered training organisation or equivalent institution (for example, a Diploma, Advanced Diploma or Degree), and
  • Have successfully completed a Board approved course in basic GST/BAS taxation principles (which may be included in the higher award).

AND

  • Be at least 18 Years of Age
  • Have 1,400 hours of relevant experience or if a member of a Professional Association, 1,000 hours
  • Hold current Professional Indemnity Insurance
  • Be a fit and proper person
  • Pay the application fee

Please watch the attached video for more detail and feel free to contact us for more information about our Bookkeeping Services.

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