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Meeting personal tax obligations - BAS Agents

Are you complying with your personal tax obligations?

As a registered tax practitioner, you play a significant role in influencing and supporting the tax system. It is therefore very important for you to keep your personal tax obligations up-to-date.

In addition to your obligations under the taxation laws generally, the Code of Professional Conduct (Code) requires you to comply with the taxation laws in the conduct of your personal affairs (Code item 2).

You need to make sure your personal tax affairs are in order, including:

  • lodging your personal income tax returns or business activity statements on time
  • paying your tax bill or coming to an arrangement with the Commissioner of Taxation to pay amounts owing.

If we find that you have failed to comply with your personal tax obligations, the Board Conduct Committee may decide that you have breached the Code and impose a sanction. The range of sanctions include:

  • issuing you with a formal written caution, and/or 
  • issuing an order that you must comply with, or
  • suspending your registration, or
  • terminating your registration.

Case study: BAS agent registration terminated

The Tax Practitioners Board (TPB) terminated the registration of a registered individual BAS agent and the company BAS agent for breaches of the Code. The company failed to lodge its BAS for three years and the company’s sole director failed to:

  • comply with their personal taxation obligations for a significant period
  • respond to the TPB in timely, reasonable and responsible way.

The individual agent was no longer a fit and proper person and ceased to meet the registration requirements.

Further information

 

Last modified: 23 July 2015