Home' Border Enterprise : May 2012 Contents Electronic
THE BORDER'S LOCAL
• 24 hour monitoring
• Service of CCTV systems
• Service of Alarms and access control
Protecting Albury Wodonga for 30 years.
Phone Albury 1300 725 282
PO Box 3006 AMDC Albury 2640
672 Dean Street Albury
t 02 6021 2718
LOCAL businesses are being reminded that under legislation
enacted last year all BAS agents need to be registered with the
Tax Practitioners Board (TPB) if they provide business activity
statement (BAS) services for a fee or other reward.
To become registered as a BAS agent a person or entity must
apply to the TPB and meet certain requirements including a fit
and proper person test and have relevant experience and the
The TPB's chair, Dale Boucher, said "The legislation is designed
to protect taxpayers from unreliable and unqualified BAS agents.
We strongly urge individuals and businesses only to use registered
A BAS service includes but is not limited to preparing or lodging
an approved form about a taxpayer's liabilities, obligations or
entitlements under a BAS provision; giving a taxpayer advice
about a BAS provision that the taxpayer can reasonably be
expected to rely upon to satisfy their obligations; and dealing
with the Commissioner on behalf of a taxpayer in relation to a
Renae Pitargue of Busy Bookkeeping in Wodonga said that
BAS agents should have the necessary experience, appropriate
qualifications and carry professional indemnity insurance if they
are providing contract services to businesses.
"The minimum requirements are at least a Certificate IV Financial
Services (Bookkeeping or Accounting) and a minimum of 1,000
hours experience in the past three years."
The penalties for providing BAS services while not being registered
as an agent are $27,500 for an individual and $137,500 for a
company or partnership.
ED TAX TIP
Busy Bookkeeping's, Renae Pitargue says contractors must be qualified.
MAY 2012 ENTERPRISE DIRECT 43
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