BAS Agent Legislation

As of March 1st 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
 
What does that mean for you?
 
In the past, a bookkeeper was able to complete a MYOB or Quicken course and start charging for their services. Unfortunately, due to their lack of experience, they often left a mess. The client could do nothing about it except find someone else who, hopefully, would be able to clean up the mess. It is a costly exercise both financially and emotionally.
 
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. At last there is something that can be done if you are left in a mess.
 
We are Registered BAS Agents so that may give you confidence in the numbers, but the Team at Straight Forward Accounting Solutions believes that great bookkeeping is not just about getting the compliance right … it’s about giving you financial clarity to enable you to make the best possible decisions for your business!

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STRAIGHT FORWARD ACCOUNTING SOLUTIONS

PO BOX 2572

CHELTENHAM, VIC 3192

lisa@sf-accounting.com.au

0423 132 343