Document ID: chunk:federal_register_of_legislation:F2024C00896:schedule:1:p1
Version: federal_register_of_legislation:F2024C00896
Segment Type: schedule
Provision Reference: sch 1 (pt 1/3)
Character Range: 71187–74135

Schedule 1—Requirements for recognition of professional associations
Note: See sections 8 and 13.

Part 1—Recognised BAS agent associations

 101 The association is a non‑profit association.
 102 The association has adequate corporate governance and operational procedures to ensure that:
 (a) it is properly managed; and
 (b) its internal rules are enforced.
 103 The association has professional and ethical standards for its voting members, including terms to the effect that:
 (a) voting members must undertake at least 15 hours of continuing professional education each year; and
 (b) voting members must be of good fame, integrity and character; and
 (c) each voting member is subject to rules controlling the member's conduct in the practice of the member's profession; and
 (d) each voting member is subject to discipline for breaches of those rules; and
 (e) if a voting member is permitted by that association to be in public practice, the voting member has professional indemnity insurance.
 104 The association has satisfactory arrangements in place for:
 (a) notifying clients of its members, or of members of its member bodies, about how to make complaints; and
 (b) receiving, hearing and deciding those complaints; and
 (c) taking disciplinary action if complaints are justified.
 105 The association has satisfactory arrangements in place for publishing annual statistics about:
 (a) the kinds and number of complaints made to the association; and
 (b) findings made as a result of the complaints; and
 (c) action taken as a result of those findings.
 106 The association is able to pay its debts as they fall due.
 107 The management of the association:
 (a) is required to be accountable to its members; and
 (b) is required to abide by the corporate governance and operational procedures of the association.
 108 The association has at least 1000 voting members, of whom at least 500 are registered BAS agents.
Note: The term registered BAS agent is defined in the Act.
 109 Each voting member of the association 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) a registered training organisation; or
 (b) an equivalent institution.

Part 2—Recognised tax agent associations

 201 The association is a non‑profit association.
 202 The association has adequate corporate governance and operational procedures to ensure that:
 (a) it is properly managed; and
 (b) its internal rules are enforced.
 203 The association has satisfactory arrangements for ensuring appropriate professional and ethical requirements standards for its voting members, including:
 (a) voting members must undertake an appropriate number of hours of continuing professional education each year; and
 (b) voting members must be of good fame, integrity and character; and
 (c) each voting member is subject to