20 Dec 10 Setting education standards for BAS agents
In a media release dated 15 December 2010 (and released on 16 December 2010), the Tax Practitioners Board (TPB) said that it is working to lift standards for tax professionals, and announced details of its education requirements for BAS agents, including a basic GST/BAS taxation principles course.
Over 16,000 registered BAS agents, including 15,000 who notified with the TPB, will need to meet updated education requirements when they reapply for registration starting from March 2012.
On the same day, the Board also released an Exposure Draft entitled "Information regarding the assessment aspect and requirements of an approved course in basic GST/BAS taxation principles". The closing date for submissions on the draft is 28 February 2011.