Home Member Resources News TPB UPDATES BAS AGENTS CPE POLICY
Member Resources

TPB UPDATES BAS AGENTS CPE POLICY

Thursday, 29 June 2017

The Tax Practitioners Board (TPB) has issued a minor update to its Continuing Professional Education (CPE) policy for tax and BAS Agents.
The updated information largely restates and confirms the CPE requirements of the TPB’s 2012 Explanatory Paper TPB 04/2012 - Continuing professional education policy requirements for registered tax and BAS agents from 30 June 2013 TPB (EP) 04/2012.

The update says that “when renewing your registration, you must have completed continuing professional education (CPE) that meets our requirements.”

It says, “You should maintain a record of your CPE activities. We may request you to provide evidence of CPE that you have completed at any time throughout your registration period, including when we are considering your renewal application.”

The TPB may request evidence or confirmation of the CPE activities Agents have completed.

This may require them to provide a copy of their CPE log. The TPB has developed a CPE log that can be used to assist with record keeping requirements.

BAS agents should complete a minimum of 45 hours of CPE within a standard three year “registration period, with a minimum of five hours each year.

If you have a condition of fuel tax credits on your registration, you should complete a minimum of six hours of CPE within a standard three year registration period, with a minimum of two hours each year.

“If your registration period is other than three years, you should complete CPE on a pro-rata basis.

For BAS Agents who are members of a recognised professional association such as the Association of Accounting Technicians Australia (AAT), compliance with the association’s CPE requirements will be accepted as meeting the TPB’s CPE requirements, subject to the CPE activities:
• being relevant to the BAS services you provide
• being provided by persons or organisations with suitable qualifications and/or practical experience in the subject area
• meeting the TPB’s minimum amount of CPE hours as mentioned above.

BAS Agents “must exercise your professional judgment in selecting relevant activities to count towards your CPE. We do not accredit CPE activities or prescribe particular topics for CPE activities.” Examples of types of CPE activities the TPB considers appropriate are available at the link below.

If you maintain a CPE log to satisfy membership requirements of a relevant recognised professional association, you do not need to keep an additional record for TPB purposes.

 

Click below to view source

TPB: Continuing professional education for BAS agents

Continuing professional education policy requirements for registered tax and BAS agents from 30 June 2013 TPB (EP) 04/2012

Login to post comments
Array ( [format] => html [Itemid] => 160 [option] => com_k2 [view] => item [task] => 842:tpb-updates-bas-agents-cpe-policy [id] => 842:tpb-updates-bas-agents-cpe-policy )