Question

What are the requirements of the TPB in relation to qualification as a BAS agent? Conduct independent research.(in Australian accounting environment/context) (150–160 words)

Answer 1

Qualifications and experience for BAS agents

To become a registered BAS agent, individual applicants must satisfy certain qualifications and experience requirements, which are set out in the Tax Agent Services Regulations 2009 (TASR).

Summary of qualifications and experience requirements

You may apply to register as a BAS agent through one of two options outlined in the TASR (item 101 or 102) depending on your experience. The following table summarises the requirements under these items, covering:

• Primary qualification
• GST/BAS course
• Relevant experience

  The requirements under the two items shown in the image (refer last of this answer) are detailed below:

  Item 101 - Accounting qualifications

• A Certificate IV Financial services (or a higher award) in bookkeeping or accounting from a registered training organisation or an equivalent institution
• Board approved course in basic GST/BAS taxation principles (GST/BAS course)
• 1,400 hours of relevant experience in the past four years.
  

• Item 102 - Membership of professional association

• A Certificate IV Financial services (or a higher award) in bookkeeping or accounting from a registered training organisation or an equivalent institution
• Board approved course in basic GST/BAS taxation principles (GST/BAS course)
• A voting member of a recognised BAS or tax agent association
• 1,000 hours of relevant experience in the past four years.

  Primary qualification

  You must have a primary academic qualification in bookkeeping or accounting at a Certificate IV level or a higher award (for example, a diploma, Advanced diploma or degree). The qualification must have been obtained from a registered training organisation or an equivalent institution.

  GST/BAS course

  You must also have completed a Board approved course in basic GST/BAS taxation principles (also known as GST/BAS course). This course may be included in your primary qualification.