The Treasury
The Treasury are responsible for reforming and releasing new Tax Regimes as required. This affects the way all bookkeepers perform their jobs. All bookkeepers must be vigilant in knowing the requirements and making sure they meet them.
Below, you will see there are current requirements when charging a fee for BAS Services. However, there are proposed changes and AAPB has been involved in this process. You are able to view the information prepared by AAPB in our Industry Recognition section. [More Information]
Current Guidelines for bookkeepers
Proposed Guidelines for bookkeepers
- New Tax Practitioners Regime
- ATO - "Working with the Tax Profession"
On 15 March 2007, the Commissioner of Taxation Michael D'Ascenzo, have a speech at the Taxation Institute of Australia Convention - ‘Tackling tax’– 22nd National Convention, Hobart”. - Draft Tax Agent Services Bill Released
2007
The long awaited legislation was finally released on 7 May 2007 for public consultation. It is important to note that this is not law yet and there may be
changes before the measures become final law.
You can read the 2007 release here [More Information]
2008
On the 29 May 2008, The Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, Chris Bowen MP, today released for public comment an exposure draft package that will reform the registration and regulation of entities providing tax agent services for a fee.