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Extension of BAS services under consideration

Adrian Flores
Adrian Flores
23 June 2020 1 minute readShare
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The Tax Practitioners Board is seeking feedback on a draft legislative instrument enabling business activity statement agents to provide a broader range of services relating to the superannuation guarantee charge (SGC).

Following extensive consultation, the TPB said it found that the existing instrument, Tax Agent Services (Specified BAS Services) Instrument 2016, does not adequately define the scope of services that BAS agents may provide relating to the superannuation guarantee (SG) or the SGC.

The TPB said that, if the revised legislative instrument is finalised, examples of services that BAS agents will be able to provide will include services that relate to the assessment and payment of the SGC, including:

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  • advising on SGC liability, including the calculation of the SGC and preparing the SGC statement
  • advising on the off-setting of late payments of superannuation contributions against the SGC
  • representing a client in their dealings with the Commissioner of Taxation (commissioner), including:
    • the lodgement of SGC statements
    • being an authorised contact in relation to the SG and SGC accounts
    • accessing the SG and SGC accounts in Online services for BAS agents
    •  

      >Following extensive consultation, the TPB said it found that the existing instrument, Tax Agent Services (Specified BAS Services) Instrument 2016, does not adequately define the scope of services that BAS agents may provide relating to the superannuation guarantee (SG) or the SGC.

      The TPB said that, if the revised legislative instrument is finalised, examples of services that BAS agents will be able to provide will include services that relate to the assessment and payment of the SGC, including:

      • advising on SGC liability, including the calculation of the SGC and preparing the SGC statement
      • advising on the off-setting of late payments of superannuation contributions against the SGC
      • representing a client in their dealings with the Commissioner of Taxation (commissioner), including:
        • the lodgement of SGC statements
        • being an authorised contact in relation to the SG and SGC accounts
        • accessing the SG and SGC accounts in Online services for BAS agents
      • being an authorised contact for:
        • payment arrangements relating to the SGC account
        • requesting penalty remissions relating to the SGC
        • any audit or review activity undertaken by the commissioner relating to the SGC

      The TPB said the SG amnesty announced in March 2020 remains in place and that it will not commence any compliance action against registered BAS agents for providing services related to the amnesty until the review is finalised.

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Adrian Flores
Adrian Flores

Adrian Flores is the deputy editor of MyBusiness. Before that, he was the deputy editor for SMSF Adviser as well as features editor for ifa (Independent Financial Adviser), InvestorDaily, Risk Adviser, Fintech Business and Adviser Innovation.

You can email Adrian at [email protected].

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