An ICB Information Kit

The process, the explanation and “How to” from ICB.

Useful for:

All those seeking to renew or become a BAS Agent.

Context Introduction

To be a BAS Agent requires:

1. Qualifications
• Certificate IV Bookkeeping (or similar or greater)
• BAS Agent Skill Set (Payroll Unit and Activity Statement Unit from Cert IV)
• TASA 2009 and Code of Professional Conduct knowledge
2. Relevant Experience within the last 3 years
3. Be declared Fit and Proper
4. Be over 18 years of age
5. Professional Indemnity Insurance (if you are In Business which means running a bookkeeping business)
6. Ongoing Education and/or Professional Development
7. Complete the Tax Practitioners Board online application and provide supporting documents
8. Pay the application fee to the TPB

The Process Described

• Applying and Renewing as a BAS Agent
  • TPB Registration - Which Legal Entity Should be Registered?
  • Individual Registration Renewal
  • Partnership Registration Renewal
  • Company Registration Renewal
• Review the ICB explanation of becoming a BAS Agent
  • Definitive Guide
• Review ICB Guide to Business Structures for BAS Agents
  • Company and Partnership Requirements
• Understand the TPB Education Requirements
  • ICB Explains the BAS Agent Education Requirements
  • TPB Website - Education Requirements
  • Summary of the TPB Requirements
• Obtain your Certificate IV
• Obtain Relevant Experience, Consider the ICB Mentoring Program
• Obtain a "Statement of Assurance" from your RPL Provider
• Understand the TPB "Relevant Experience" Requirements
  • An ICB Explanation
  • TPB Explanation
• Download and Complete the TPB Statement of Relevant Experience
  • From the ICB Website
  • From the TPB Website
• Understand the TPB Requirement about Insurance (PII)
  • ICB Explains the PII Requirement
  • TPB - Professional Indemnity Insurance
• Obtain Professional Indemnity Insurance from the ICB Approved Broker
• Understand your Obligation to Continuing Education as a BAS Agent
• Your CPE Plan for 2018
• Understand your Obligations under the Code of Conduct for BAS Agents
• Apply to the TPB or Obtain the ICB guide to completion of the Renewal application, and then apply to the TPB on their website
• Understand the Role of a BAS Agent from the ATO Perspective (ATO Induction)

ICB Related Resources

1. GST and BAS Knowledge
2. A Registered BAS Agent Guide
3. Acceptable Business Structures for BAS Agents

Technical Webinars

• ICB Presents: BAS Agent Online Renewal

External Resources

1. Tax Practitioners Board
2. ATO - BAS Agents Home Page

• Updated: 4th August, 2016