15/01/2010

Tax Agent Services Act 2009 begins on the 1st March 2010.On the 23 Dec 2009 the Board was to prepare guidelines for professional indemnity insurance and continuing professional development - there is a media release to read.  More information is available on their website www.tpb.gov.au

Assistant Treasurer, Senator Nick Sherry, announced that the Tax Agent Services Act 2009 would commence on 1 March 2010.  You can find the announcement here.

What does that mean for you?  It allows time to prepare - academic qualifications, professional indemnity insurance, polices, procedures, registration with the Tax Practitioners Board.

Tax Practitioners Board - Fact Sheets

The Tax Practitioners Board has released Fact Sheets for Tax Agents and BAS Agents.  Our focus as bookkeepers is with the BAS Agents Fact Sheets and they are a must read especially if you are need to register as a Transitional BAS Agent.

The Board has a registration process for people who are classified as a Transitional BAS Agent under the Transitional Bill (this is for bookkeepers who do not yet have their academic qualification's).

Keep the website of the Tax Practitioners Board bookmarked and keep posted as they, over the coming months, post more and more on their website. www.tpb.gov.au