Expanding the services that BAS agents can provide

Published: Tue 7 Jun 2016 10:20 AM
Expanding the services that BAS agents can provide
The Tax Practitioners Board (TPB) has expanded the scope of services Business Activity Statement (BAS) agents can provide beyond existing BAS services, as defined in the Tax Agent Services Act 2009.
Following consultation with external stakeholders the Tax Agent Services (Specified BAS Services) Instrument 2016 has now been registered.
BAS agents can now:
• provide services under the Superannuation Guarantee (Administration) Act 1992 to the extent that they relate to a payroll function or payments to contractors,
• determine and report the superannuation guarantee shortfall amount and any associated administrative fees,
• deal with superannuation payments made through a clearing house,
• complete and lodge the Taxable payments annual report to the ATO, on behalf of a client,
• send a tax file number declaration to the Commissioner, on behalf of a client, and
• apply to the Registrar for an Australian Business Number, on behalf of a client.
Chair of the TPB, Mr. Ian Taylor, said, “We know there are services that are commonly provided by BAS agents that do not necessarily fall within the definition of a BAS service.”
“This legislative instrument now allows these to be included in the services that BAS agents can provide, without the requirement to be a registered tax agent.”

Next in World

Nobel Prize In Economics Explodes Minimum Wage And Jobs Myth
New South Wales Opens Up For Fully-vaccinated – Aus SMC Expert Reaction
By: Australian Science Media Centre
Journalists Who ‘Speak Truth To Power’ Recognized With Nobel Peace Prize
By: UN News
With Clock Ticking, Sustainable Transport Key To Global Goals
By: UN News
7 Climate Action Highlights To Remember Before COP26
By: UN News
Global Leaders Set To Act To Increase Energy Access While Reducing Emissions At First UN Energy Summit In 40 Years
By: UN Department of Global Communications
View as: DESKTOP | MOBILE © Scoop Media