Document ID: chunk:federal_register_of_legislation:C2025C00107:body:0:p7
Version: federal_register_of_legislation:C2025C00107
Segment Type: other
Provision Reference: 
Character Range: 20425–23248

meets the requirements prescribed by the regulations (including, but not limited to, requirements relating to qualifications and experience) in respect of registration as a registered tax agent or BAS agent; and
 (c) in the case of registration which is not a renewal—the individual maintains, or will be able to maintain, professional indemnity insurance that meets the Board's requirements; and
 (d) in the case of a renewal of registration—the individual:
 (i) maintains, at the time of applying for registration, professional indemnity insurance that meets the Board's requirements; and
 (ii) has completed continuing professional education that meets the Board's requirements.
Note 1: An individual in the capacity of trustee of a trust can be registered: see section 70‑15.
Note 2: Subsection (4) provides for an exception to paragraph (1)(b) for pre‑1988 tax agents and nominees.

Partnerships
 (2) A partnership is eligible for registration as a *registered tax agent or BAS agent if the Board is satisfied that:
 (a) each partner who is an individual is:
 (i) aged 18 years or more; and
 (ii) a fit and proper person; and
 (b) if a company is a partner:
 (i) each director of the company is a fit and proper person; and
 (ii) the company is not under external administration; and
 (iii) the company has not been convicted of a *serious taxation offence or an offence involving fraud or dishonesty during the previous 5 years; and
 (c) the partnership has:
 (i) in the case of registration as a *registered tax agent—a sufficient number of individuals, being registered tax agents, to provide *tax agent services to a competent standard, and to carry out supervisory arrangements; or
 (ii) in the case of registration as a *registered BAS agent—a sufficient number of individuals, being registered tax agents or BAS agents, to provide *BAS services to a competent standard, and to carry out supervisory arrangements; and
 (d) in the case of registration which is not a renewal—the partnership maintains, or will be able to maintain, professional indemnity insurance that meets the Board's requirements; and
 (e) in the case of a renewal of registration—the partnership maintains, at the time of applying for registration, professional indemnity insurance that meets the Board's requirements.

Companies
 (3) A company is eligible for registration as a *registered tax agent or BAS agent if the Board is satisfied that:
 (a) each director of the company is a fit and proper person; and
 (b) the company is not under external administration; and
 (c) the company has not been convicted of a *serious taxation offence or an offence involving fraud or dishonesty during the previous 5 years; and
 (d) the company has:
 (i) in the case of registration as a *registered tax agent—a sufficient number of individuals, being