tpb.gov.au Tax, BAS Agent Registration : Australia Practitioners Board
Name of the Organisation : Tax Practitioners Board (tpb.gov.au)
Type of Announcement : Tax, BAS Agent Registration
Country : Australia
http://www.tpb.gov.au/TPB/Registering/About_registration/TPB/Register/0318_About_registration.aspx
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Related : Australia Practitioners Board Renewing Your Tax Agent Registration : www.statusin.org/1056.html
BAS Agent Registration :
Individuals, partnerships and companies who provide tax advice may be required to register with us.
Registration renewal is required 30 days prior to the date your registration expires.
Financial advisers :
From 1 July 2014 financial advisers who provide tax advice in relation to financial services will be able to register with the Tax Practitioners Board as tax (financial) advisers.
Tax and BAS agents :
Tax and BAS agents must be registered with us if they provide tax agent or BAS services for a fee or other reward.
For the types of services which may require you to register with us refer to;
1 Tax agent services
2 BAS services.
Tax and BAS agents can apply for registration as;
an individual
a partnership
a company.
Application fees :
The application fees for tax agent registration are;
$500 – if you are carrying on a business as a tax agent
$250 – if you are not carrying on a business as a tax agent.
The application fees for BAS agent registration are;
$100 – if you are carrying on a business as a BAS agent
$50 – if you are not carrying on a business as a BAS agent.
Registration period :
Registration is generally for three years.
Registration means :
If you are registered you must comply with the Tax Agent Services Act 2009 (TASA), including the Code of Professional Conduct (Code). Your obligations under the TASA include;
1 maintain professional indemnity (PI) insurance that meets our requirements
2 ensure you keep your personal tax obligations up to date
3 notify us of a change of circumstances
4 complete continuing professional education that meets our requirements.
When registered, your details will be listed on the TPB Register.
If your conduct breaches the TASA, you may be subject to civil penalties.
Who does not need to register :
You do not need to register if you are any of the following.
1 An employee or contractor of a registered tax or BAS agent and you do not provide tax agent services or BAS services in your own right. However, if you are working for a company or partnership which receives fees for tax agent or BAS services, the company or partnership might need you to be registered so that it has a sufficient number of registered agents.
2 A legal practitioner providing tax agent or BAS services (other than the preparation and lodgment of tax returns or statements such as activity, superannuation guarantee and pay as you go withholding) as a legal service under a state or territory law.
3 A legal practitioner acting for a trust or deceased estate or legal personal representative who provides tax agent or BAS services under a state or territory Legal Profession Act.
4 A customs broker licensed under the Customs Act 1901 providing a BAS service relating to imports or exports that an ‘indirect tax law’ (as defined in section 995-1 of the Income Tax Assessment Act 1997 (ITAA 1997)) applies.
Contact Us:
Tax Practitioners Board
PO Box 126
HURSTVILLE BC NSW 1481