09 Jul 12 Agent registrations exceed expectations
In media release issued on 6 July 2012, Dale Boucher, Chair of the Tax Practitioners Board (TPB), released the end of financial year agent registration figures.
This gives the number of tax and BAS agents now registered with the TPB. It also includes details of BAS agents who are renewing their registration after first notifying the TPB to become registered when the TPB started in 2010.
Over 52,000 tax practitioners are registered with the TPB and this financial year, the TPB processed approximately 19,000 applications.
Mr Boucher said "the Board is pleased with the high number of registrations. In particular, over 9,000 BAS agents became registered by taking advantage of the notification transitional arrangements and have applied to renew their registration. This demonstrates that we are well into establishing the new tax agent services system and BAS agents are recognising the benefits of being a registered agent."
The TPB urges anyone providing BAS services for a fee to register with the TPB. If individuals who may want to register with the TPB are concerned that they do not meet the qualification and experience requirements, they may still be able to apply using the transitional option.
The transitional option is only available until 28 February 2013. It simply requires the person applying to show the TPB that they have experience providing BAS services competently and for a reasonable period. This could be an attractive option for some employees who have not yet registered, Mr Boucher said.