Being a BAS Agent Business
Where a company or other group of bookkeepers have a BAS Agent business in operation then for that entity:
i. each company director or each partner of a partnership must be a "fit and proper person" as defined
ii. not be under external administration
iii. not been convicted of a serious tax offence or fraud or dishonesty within 5 years
iv. HAS A SUFFICIENT NUMBER OF REGISTERED INDIVIDUALS to provide BAS Services to a competent standard, and to carry out supervisory arrangements.
What d"s this final requirements mean?
No fixed answer but consider:
the size of the business
the types of services being offered
the supervision and review arrangements that need to be in place
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