Introduction
1. Entities that provide BAS services for a fee or other reward1 must be registered with the Tax Practitioners Board (TPB).
2. The TPB has prepared this Information Sheet (TPB(I)) to assist entities to determine if they are providing a BAS service and whether they need to register with the TPB.
3. Whether a particular service is a BAS service is a question of fact. This means each service will need to be considered on a case-by-case basis having regard to the facts and circumstances surrounding the provision of the service.
4. There are significant civil penalties for anyone providing BAS services for a fee or reward or advertising BAS services, while unregistered. These include fines of up to $55,500 for individuals, and $275,000 for a body corporate.2
Source : tpb.gov.au
Comments