The BAS Agent in Australia Services Regulations 2023 contains rules about the qualifications and work experience required to become an Australian registered tax agent. In 2023, the entity will require a combination of initial qualifications, Accounting Consulting -approved courses, and relevant experience.
For becoming a BAS Agent in Australia the different types of courses approved by the board and the work experience required will depend on your basic qualifications. Here’s a review of the tax attorney’s path to sole proprietorships, partnerships, corporations, trusts, and sole partnerships.
For Becoming BAS Agent in Australia Holds University Degree in Accounting:
Hold an undergraduate or postgraduate degree in accounting from an Australian university Completion of an Accounting Consulting-accredited tax agency course, such as a Numbers Pro-approved business law course and an Accounting firm-approved tax law course. You must have one year of relevant full-time work experience within the past five years
University Qualification in Another Subject:
Hold an undergraduate or postgraduate degree from an Australian university. Completion of an Accounting Consulting-approved course in Fundamental Accounting Principles, an Accounting firm-approved Tax Law course, and a Numbers Pro-approved Business Law course may be required. One year of relevant full-time work experience within the past five years
Hold a Diploma or Higher Degree in Accountancy:
Hold a diploma or postgraduate degree in accounting from a recognized training provider. You have completed an official Accounting Consulting tax law course and an Accounting firm-approved business law course. Two years of relevant full-time work experience within the past five years
- Australian taxation law
- Bachelor of Laws
- You are qualified to practice in Australia
They must have completed courses in Australian taxation law and basic accounting principles. One year of relevant full-time work experience within the past five years
How Much Work Experience For Accounting Agent:
In this category, no basic qualification is required. However, applicants must have completed Accounting Consulting-approved courses such as:
- Australian Tax Law Course
- Accounting Foundation Course
- Numbers Pro Accreditation for Business Law Program
- In addition, he must have gained eight years of relevant full-time work experience within the past ten years.
How to Apply for a Registered Tax Agent?
- Be a voting member of a recognized association of tax lawyers
- Any course that does not require Numbers Pro approval
- Must have gained eight years of relevant full-time work experience within the past ten years
- Entities can apply for registration online. Before starting the process, you need to have your documents ready.
- Electronic copies of qualifications, syllabi, and grades.
- Statement of relevant experience from the current or previous employer.
Tax agent Member Details:
Australian government-issued identification, such as a driver’s license, passport, and health insurance card, to verify your identity.
What are the Exceptions for Tax Agents Registered Before 1988?
Let’s say you registered as a tax agent between November 1, 1988, and March 1, 2010. In this case, you do not need to meet the experience and qualification requirements to register as a tax agent.
What are the “Registration Requirements” for a Tax Agent?
Conditions apply if all registration criteria are not met. In such cases, tax agents can provide limited services. In other words, his tax services may apply to specific areas of tax law for which he lacks relevant experience and qualifications.
Frequently Asked Questions:
What are the exceptions for tax agents registered before 1988?
Let’s say you registered as a tax agent between November 1, 1988, and March 1, 2010. In this case, you do not need to meet the experience and qualification requirements to register as a tax agent.
What are the “registration requirements” for a tax agent?
Conditions apply if all registration criteria are not met. In such cases, tax agents can provide limited services. In other words, his tax services may apply to specific areas of tax law for which he lacks relevant experience and qualifications.
What does “relevant experience” mean?
Relevant experience refers to the actual work experience in the company that provides tax agency services. Once you have mentioned work experience on your application, your supervisor will verify this using the Statement of Relevant Experience (SRE) form.
How long does it take to process a registration request?
Ideally, it takes about thirty days to process an application. The maximum period of registration approval is three years. Candidates must complete and submit a re-registration application form thirty days after the end of the registration period.
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