The range of superannuation-related services a BAS agent can provide has been expanded.
“The Tax Practitioners Board (TPB) has expanded the scope of services Business Activity Statement (BAS) agents can provide beyond existing BAS services, as defined in the Tax Agent Services Act 2009,” said the TPB.
The TPB says a BAS agent can now:
- provide services under the Superannuation Guarantee (Administration) Act 1992 to the extent that they relate to a payroll function or payments to contractors,
- determine and report the superannuation guarantee shortfall amount and any associated administrative fees,
- deal with superannuation payments made through a clearing house,
- complete and lodge the Taxable payments annual report to the ATO, on behalf of a client,
- send a tax file number declaration to the Commissioner, on behalf of a client, and
- apply to the Registrar for an Australian Business Number, on behalf of a client.
These changes are contained in the Tax Agent Services (Specified BAS Services) Instrument 2016, which was made by the Tax Practitioners Board following a consultation process..