Document ID: chunk:federal_register_of_legislation:F2024C00896:schedule:2:p1
Version: federal_register_of_legislation:F2024C00896
Segment Type: schedule
Provision Reference: sch 2 (pt 1/8)
Character Range: 76879–79685

Schedule 2—Requirements for registration as a BAS agent or tax agent
Note: See sections 20 and 21.

Part 1—Registered BAS agents

Accounting qualifications
 101 This clause applies if the individual:
 (a) has been awarded a Certificate IV in Accounting and Bookkeeping (or a Certificate IV Bookkeeping or Certificate IV Accounting), or a higher qualification in bookkeeping or accounting, from a registered training organisation or an equivalent institution; and
 (b) has successfully completed a course in basic GST/BAS taxation principles that is approved by the Board; and
 (c) has undertaken at least 1400 hours of relevant experience in the last 4 years.
Note 1: The Board may approve a course by an approval process, an accreditation scheme, or by other means.
Note 2: For the definition of relevant experience, see clause 103 of this Part.

Professional association membership
 102 This clause applies if the individual:
 (a) is a voting member of a recognised BAS agent association or a recognised tax agent association; and
 (b) has been awarded a Certificate IV in Accounting and Bookkeeping (or a Certificate IV Bookkeeping or Certificate IV Accounting), or a higher qualification in bookkeeping or accounting, from a registered training organisation or an equivalent institution; and
 (c) has successfully completed a course in basic GST/BAS taxation principles that is approved by the Board; and
 (d) has undertaken at least 1000 hours of relevant experience in the last 4 years.
Note 1: The Board may approve a course by an approval process, an accreditation scheme, or by other means.
Note 2: For the definitions of recognised BAS agent association and recognised tax agent association, see section 5. For the definition of relevant experience, see clause 103 of this Part.

Definitions
 103 In this Part:
relevant experience means work by an individual:
 (a) as a registered tax agent or a registered BAS agent; or
 (b) under the supervision and control of a registered tax agent or a registered BAS agent; or
 (c) of another kind approved by the Board;
that includes substantial involvement in the provision of one or more of the types of BAS services described in section 90‑10 of the Act.
Note: The terms registered BAS agent and registered tax agent are defined in the Act.

Part 2—Registered tax agents

Tertiary qualifications—accounting
 201 This clause applies if the individual:
 (a) has been awarded either:
 (i) a degree, or a post graduate award, in accounting from an Australian tertiary education institution; or
 (ii) a degree, or an award, in accounting that is approved by the Board, and that is from an equivalent institution; and
 (b) has successfully completed a course in commercial law that is approved by the Board; and
 (c) has successfully completed a course in