The term ‘BAS agent’ is a title protected by law and applies to an individual or entity who meet the requirement of the Tax Practitioners Board (TPB) for registration as an agent as specified in the Tax Agent Services Act (TASA) 2009.  Only BAS agents (or registered ‘tax agents’) can assist in determining a business’ obligations related to any item reported to the Australian Taxation Office (ATO) on a Business Activity or Instalment Activity Statement (BAS/IAS), unless they are the business owner or an employee.  Some common sorts of information captured on the BAS/IAS include:

  • Salaries and wages paid to employees

  • PAYGW from employees

  • GST collected and paid

  • Instalment obligations

The basic requirements to become a registered BAS agent are:

  • Be a fit and proper person

  • Hold a minimum level of qualification accepted by The Board

  • Have a Professional Indemnity Insurance policy that at least meets the minimum standards

  • Undertake a specified amount of Continuing Professional Education ongoing

  • Adhere to the requirements of the TPB Code of Professional Conduct

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