Business Activity Statement (BAS) agents can now legitimately play a greater role in superannuation issues, following changes announced this week by the Tax Practitioners Board (TPB).
The changes reflect an assessment that BAS agents were undertaking some processes not necessarily covered by the definition of a "BAS Service".
The TPB announced that, following consultation with external stakeholders, it had expanded the scope of services BAS agents could provide beyond existing BAS services, as defined in the Tax Agent Services Act 2009.
It said BAS agents could now:
Commenting on the developments, TPB chairman, Ian Taylor said the board understood that there were services commonly provided by BAS agents that did not necessarily fall within the definition of a BAS service.
"This legislative instrument now allows these to be included in the services that BAS agents can provide, without the requirement to be a registered tax agent," he said.
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