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Frequently asked questions for tax agents

Frequently asked questions for tax agents

(Information provided by the Acting Secretariat to the yet to be appointed Tax Board)

 

 

New legislation and regulations 

What is the new legislation?

  

When d"s the new legislation take effect?

 

When will the new regulations be available?

 

When will the Tax Practitioners Board be established?

 

 

About tax agents 

What is a tax agent?

 

What is a tax agent service?

 

What is a taxation law? 

 

 

Registration of tax agents 

Who can be registered as a tax agent?

 

When can I apply to register as a tax agent under the new legislation?

 

How do I register as a tax agent under the new legislation?

 

What are the proposed application fees for tax agent registration?

 

Do I need an Australian business number (ABN) to register as a tax agent? 

 

 

Eligibility requirements 

What are the requirements for registration as a tax agent under the new legislation?

 

What is fit and proper?

 

What are the proposed qualifications and experience requirements for tax agents under the new legislation?

 

What d"s relevant experience for tax agents mean?

 

What d"s a sufficient number of individuals for partnerships and companies mean?

 

What is a recognised professional association?

 

Do you need to be a member of a professional association to be registered?

 

If I am a registered tax agent, do I need to register separately to provide BAS services?

 

Can the board impose conditions on the registration of a tax agent?

 

 

Transitional arrangements 

What happens to a tax agent’s existing registration under the new legislation?

 

What happens to a tax agent nominee’s existing registration under the new legislation?

 

What will happen to pre-1988 tax agents and nominees under the new legislation?

 

Will there be transitional arrangements for registration of tax agents? 

 

 

Legal responsibilities of tax agents 

What are a tax agent’s legal responsibilities?

  

What is the code of professional conduct?

 

D"s the new legislation require a tax agent to audit clients’ records?

 

Will a tax agent need professional indemnity insurance?

 

What are the civil penalty provisions?

 

Need more information?

 

 


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