business.gov.au

Recognition of a Professional Association (Taxation and Finance) - Australian Government

Description

Professional associations can apply for accreditation as a:

  • recognised BAS agent association
  • recognised tax agent association.

Recognition as a professional association grants you the authority to recognise professional qualifications and experience that are relevant to the registration of individuals as:

  • tax agents
  • BAS agents.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for recognition you must:

  • be a not for profit organisation
  • have appropriate corporate governance and operational procedures
  • have professional and ethical standards for your voting members
  • have satisfactory arrangements for dealing with complaints, including taking disciplinary action
  • ensure voting members undertake continuing professional development and have professional indemnity insurance (if in public practice)
  • ensure each voting member is of good fame, integrity and character
  • have satisfactory arrangements in place for publishing annual statics about complaints, including findings and action taken
  • have at least 1,000 voting members, at least 500 of which are registered tax agents, BAS agents or tax (financial) advisors
  • have all voting members comply with relevant membership requirements.

Ongoing eligibility requirements

To remain accredited as a TPB recognised professional association, you must continue to meet the eligibility requirements for recognition on an ongoing basis, through an Annual Declaration process.

Recognised professional association should advise the TPB of any relevant updates in a timely, responsible and reasonable manner, rather than waiting for annual declaration requests from the TPB. The Tax Agent Service Regulations (TASR) requires that a TPB accredited recognised professional association must notify the TPB no later than 30 days after the day the association becomes aware, or ought to have become aware, that it no longer meets a requirement.

Duration

Ongoing

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please consult the Contact Officer for information on fees to be submitted.

Act(s) name

Tax Agent Services Act 2009 Australian Government

Regulation(s) name

Tax Agent Services Regulations 2022 Australian Government

Administering agency

Tax Practitioners Board

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.