As of 1st March 2010 the ATO regulated the bookkeeping industry. Now all bookkeepers providing a BAS service are required to register as a BAS Agent.
The requirements of a BAS Agent are:
- Certificate IV in Financial Services – Bookkeeping or Accounting
- Member of a recognised Professional Association
- Over 1000 hours relevant experience
- Professional Indemnity insurance
- Ongoing professional development
As a BAS Agent there is a professional Code of Conduct in relation to:
- Honesty and integrity
- Independence (acting lawfully)
- Confidentiality
- Competence
Breaching the Code of Conduct can result in termination of the registration and Civil Penalties involving fines up to $137,500.
We are Registered BAS Agents.
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