Every business entity, in Australia, needs to file the tax reporting on monthly or quarterly basis to the Australian Taxation Office. This is called the Business Activity Statement (BAS). It is a form that needs to be duly filled and submitted to the office before the due date. The person who is competent and knowledgeable in this taxation procedure is called a BAS agent. A BAS agent needs to register at the BAS registration portal to be known as a BAS registered agent. Such agents who are registered with the portal have the privilege to offer their services.
Requirement for a BAS registration-
To qualify for the registration for the BAS agent, the applicant must meet certain qualifications and experience. The criteria are being set up as per the Tax Agent Services Regulations 2009 (TASR).
For registering for BAS agent, the desirous candidate must meet any one of the two options as prescribed by the TASR. These items are numbered under 101 or 102. The categorization has been done solely based on experience. It covers the following primary needs-
• Primary Qualification
• Course related to Goods and Service Tax or BAS
• Total Years of Experience
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