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TPB supports BAS agents to advise clients on stimulus measures

Tax Practitioners Board supports BAS agents to advise clients on stimulus measures

Today the Tax Practitioners Board (TPB) has registered a legislative instrument (along with an explanatory statement), on the Federal Register of Legislation, that extends the services and advice BAS agents can legally provide on the Australian Government’s COVID-19 stimulus package.

BAS agents can now legally support Australian businesses by advising about their entitlements under the new JobKeeper Payment and Cashflow support for business initiatives.

TPB Chair, Ian Klug AM, said the legislative instrument makes it clear that BAS agents can lawfully advise on the JobKeeper Payments and on the Cashflow support for business.

‘This reflects a sensible and appropriate outcome to support the Government’s initiatives,’ Mr Klug said.

‘The TPB is working to support the extraordinary efforts of all registered tax practitioners acting professionally and ethically to assist Australian workers and businesses, especially in understanding these stimulus entitlements.’

Mr Klug said the issuing of the legislative instrument provides a timely reminder to all Australians who use a tax practitioner, to ensure that they are registered with the TPB.

About the Tax Practitioners Board

The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct. Follow us on Twitter @TPB_gov_au, Facebook and LinkedIn

Thursday, April 16, 2020