'All bookkeepers must become BAS Agents' 

WRONG - it is very possible to perform bookkeeping work that is not in the domain of only BAS Agents.

'All bookkeepers must work for Accountants' 

WRONG - many bookkeepers work as independent businesses providing bookkeeping services to clients or their accountants and this continues under the new system.

'Certificate IV in Financial (Bookkeeping) is a dead end course' 

WRONG - in exactly the same way that Cert IV Accounting provides credits towards diploma or further study in accounting, the Cert IV Bookkeeping course provides credits towards the same courses.  A number of RTO’s have stated they prefer that their accounting students have actually started with the Cert IV Bookkeeping course as it provides a better grounding.

'BAS Agents must belong to an Association' 

WRONG - neither tax agents nor BAS Agents have to belong to an association.

'I quote one particular training organisation "only our Certificate IV in Financial Services (Bookkeeping) course will be acceptable under the new system '

WRONG - there is no way that this could be the case as the legislation d"s not state this and the new Board has not been appointed.

'BAS Agents become liable for late lodgement penalties or penalties for misstatement' 

WRONG - the new system provides safe harbour possibilities for the clients from these penalties in certain circumstances but d"s not pass them on to the Agent.  The Agent would be subject to any disciplinary requirements that the Board may impose on them.

'Accountants automatically get registration as a BAS Agent under the new system' 

WRONG - they are likely to need to have 1400 hours relevant experience in BAS Service work (we do not have the final regulations yet).

'Members of Accounting Associations are automatically granted BAS Agent status' 

WRONG - they must have the relevant education and relevant 1400 hours of experience.

'I have a degree, therefore I qualify as a BAS Agent' 

WRONG - the qualification will need to be deemed "current (similar concept to RPL accreditation in the education world) as well as you will need to meet the relevant experience requirement.

'I can register as a BAS Agent with my association now'

WRONG - registration of BAS Agents will be with the new Board.  The new law allows Associations to help provide accreditation of their members but this is not the final registration with the board.

'I don't need Professional Indemnity Insurance until I am registered as a BAS Agent 

WRONG - you will need this insurance to provide BAS Services as from the commencement date of the new law - even if you are a Transitional bookkeeper.