BAS agents authorised to offer expanded SGC services
The Tax Practitioners Board (TPB) has registered a new business activities statement (BAS) services legislative instrument, the Tax Agent Services (Specified BAS Services No. 2) Instrument 2020.
The new instrument allowed BAS agents to provide an expanded range of services in relation to the superannuation guarantee charge (SGC), including supporting clients in dealing with the Commissioner of Taxation.
The expansion built on the services that BAS agents had already been providing under the previous legislative instrument.
Ian Klug, TPB chair, said the consultation process revealed a widely supportive response to the expansion of services that BAS agents are now permitted to offer.
“The new legislative instrument provides additional certainty and clarity for BAS agents around the services they are able to offer relating to the superannuation guarantee and SGC,” Klug said.
“BAS agents are bound by the Code of Professional Conduct and must not provide the services if they do not have the requisite skills and competency.”
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