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Australian BAS agents: What legislation needs to be complied with and what procedures need to be...

Australian BAS agents: What legislation needs to be complied with and what procedures need to be followed to comply with legislation, regulations and the Code of Professional Conduct?

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A BAS agent is a person who is authorized to prepare and lodge BAS returns on their clients behalf and to also advise their clients on any BAS related items such as taxes like GST and PAYG.

The code of professional conduct regulates a registered BAS agent. This code states some principles which needs to be followed by him like: honesty and integrity, independence, confidentiality, competence, etc.

BAS agent is regulated by Tax Agent Services Act 2009. This act regulate the supply of BAS agent. This law states that only the bookkeepers who had applied for the registration as a BAS agent are allowed to render BAS services to their client.

A BAS agent needs to satisfy the board that they meet the criteria to be a BAS agent.

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