Additional requirement from 1 July 2013
From 1 July 2013, all new applicants who are required to have completed a course in Australian taxation law that is approved by the Board must have completed a course which includes a component in the Tax Agent Services Act 2009 (TASA), including the Code of Professional Conduct (Code). If your course does not include a component in the TASA, including the Code, you must have completed a separate unit covering this component.
This additional requirement does not apply to tax agents registered prior to 1 July 2013 who seek to renew their registration after this date.
Board approved units in the TASA including the Code
The following units have been approved by the Board as meeting the requirements of a Board approved unit in the TASA, including the Code.This unit describes the Tax Agents Services Act 2009 (TASA), including the Code of Professional Conduct (Code) for the purposes of understanding the legislation associated with registration as a tax agent, tax(financial) Advisers or BAS agent.
This course covers the following areas;
ØThe objects of the Tax Agents Services Act 2009 (TASA).
ØRegistration process and eligibility requirements including,
ØThe fit and proper person requirement, prescribed qualifications and experience requirements and relevant transitional provisions.
ØThe Code of Professional Conduct, including the underlying content of the professional and ethical standards required of registered tax and BAS agents that are contained in the Code in section 30- 10 of the TASA.
ØAdministrative sanctions that may be imposed for a breach of the code.
ØCivil penalty provisions including contraventions that apply to the conduct of entities that are not registered tax agents.
ØCivil penalty provisions including contraventions applicable to the conduct of registered agents.
ØThe TPB's power to apply to a Federal Court for an injunction.
ØThe Tax / BAS agent's obligations to notify the TPB of any change in circumstances.