TPB expands services BAS agents can provide
The Tax Practitioners Board (TPB) has expanded the scope of services business activity statement (BAS) agents can provide to include some superannuation services.
Following consultation with external stakeholders the Tax Agent Services (Specified BAS Services) Instrument 2016 has now been registered.
As a result, BAS agents can now provide services under the Superannuation Guarantee (Administration) Act 1992 to the extent that they relate to a payroll function or payments to contractors.
Further, BAS agents can now determine and report the superannuation guarantee shortfall amount and any associated administrative fees and deal with superannuation payments made through a clearing house.
BAS agents will also be able to complete and lodge the taxable payments annual report to the ATO, on behalf of a client, send a tax file number declaration to the commissioner, on behalf of a client, and apply to the registrar for an Australian business number, on behalf of a client.
"We know there are services that are commonly provided by BAS agents that do not necessarily fall within the definition of a BAS service," said TPB chair Ian Taylor.
"This legislative instrument now allows these to be included in the services that BAS agents can provide, without the requirement to be a registered tax agent."