Board approved courses requirements for BAS agents

Topics

• Collection and recovery of tax provisions in Part VII of the Fringe Benefits Tax Assessment Act 1986
• The indirect tax law (which means the goods and services tax (GST) law, the wine tax law, the luxury car tax law and the fuel tax law, as defined in section 995-1 of the Income Tax Assessment Act 1997 (ITAA 1997))
• Parts 2-5 and 2-10 of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953) (the pay as you go system)
• Relevant Australian Taxation Office and Tax Practitioners Board (TPB) requirements, including TPB registration requirements, the Code of Professional Conduct (Code) and the operation of the civil penalty provisions
• Relevant privacy principles as contained in the Privacy Act 1988
• GST terminology and appropriate application to financial transactions
• Taxation requirements for business purposes and taxation parameters related to a range of business types
• Relevant accounting terminology when maintaining accounting records for a variety of business types for taxation purposes
• All sections of both Business activity statements and Instalment activity statements for multiple entity types, including lodging statements within the allocated timeframe
• How to calculate and input data into payroll systems (payroll is included in the definition of a BAS provision), includes pay as you go (withholding and instalments), fringe benefits tax relating to collection and recovery and preparation of payment summaries
• How to comply with organisational guidelines relating to security and confidentiality of information, (in order to be able to, or know how to, meet the Code obligations of confidentiality)

Duration

The equivalent of two units from a Certificate IV Financial Services qualification

Minimum education level

Certificate IV (Australian Qualifications Framework level 4 criteria)

Assessment requirements

At least 40% of the assessment for the entire course should be undertaken under some form of independent supervision.

More information

For more information refer to  Education requirements for BAS agents.

Topics

• The objects of the TASA
• Registration process and eligibility requirements under the TASA, including knowledge of:
  • the fit and proper person requirement
  • prescribed qualifications and experience requirements (for individuals), or the requirement to have a sufficient number of individuals who are registered to provide tax agent services to a competent standard and to carry out supervisory arrangements (for companies and partnerships)
  • relevant transitional provisions.
• The Code including the underlying content of the professional and ethical standards required of registered tax practitioners that are contained in the Code in section 30-10 of the TASA
• Administrative sanctions that may be imposed for a breach of the Code, including:
  • written cautions from us
  • orders from us requiring specified action to be taken (including requiring a registered tax practitioner to complete a course of training or requiring a registered tax practitioner to practice under supervision)
  • suspension of registration
  • termination of registration.
• Civil penalty provisions including contraventions that apply to the conduct of entities that are not registered tax practitioners:
  • providing tax agent services without being registered
  • advertising tax agent services without being registered
  • representing that you are a registered tax practitioner without being registered.
• Civil penalty provisions including contraventions applicable to the conduct of registered tax practitioners:
  • making false or misleading statements
  • using deregistered entities
  • improperly signing a declaration or other statement.
• Our power to apply to the Federal Court for an injunction
• Obligations to notify us of a change of circumstances

Duration

3 hours or half a day

Minimum education level

Certificate IV (Australian Qualifications Framework level 4 criteria)

Assessment requirements

Assessment may occur by a variety of modes, including being conducted online, provided that suitable quality assurance mechanisms are in place to ensure the integrity of the examination process.

More information

For more information refer to Required knowledge of the Tax Agent Services Act 2009 including the Code of Professional Conduct.