On 23 October, the Assistant Treasurer announced the new national Tax Practitioners Board (TPB).
The TPB replaces the existing six state Tax Agents’ Boards. It will be responsible for overseeing the registration and regulation of tax agents and BAS agents under the new tax agent services regime, which is anticipated to come into effect from early 2010.
Imminent – new laws for BAS service providers
The final Bill of the new tax agent services regime passed by Parliament contains generous transitional arrangements, including a six month period where BAS service providers can notify the TPB to transition to registration.
The TPB will be responsible for overseeing the new regime and will contact you directly with information if they have your email address.
For information on how the new TPB and laws affect you, go to the TPB website at www.tpb.gov.au
Reprinted from the BAS Service Provider Newsletter – Issue 32
