News Item

1. Anybody providing BAS Services before 1 March 2010 should notify the Board by 31 August 2010
2. PI insurance is required by ICB now but will be required by the TPB from July 2011
3. Any business (individual or entity) that provides BAS Services to clients must be registered with the Board
4. Each business entity must have Individual/s associated with it who are also registered with the Board
5. Therefore every bookkeeper who provides BAS Services through their entity must have two registrations - one for them and one for the entity
6. Businesses may still lodge their own BAS
7. Employees of the business they do the BAS for are not required to register

Things you may need to do now 

• To keep your registration after 1 March 2013 you will need to have obtained your Cert IV Financial Services (Bookkeeping) or (Accounting) by then
• To keep your registration after 1 March 2013 you must have 1000 hours relevant experience over the previous 3 years if you an ICB member or 1400 hours if you aren't a member of a Recognised BAS Agent Association member.
• Keep watch as sometime over the next year the Board will issue its position on what GST/BAS course you must have completed to keep your registration after 1 March 2012.

Things you may not know 

1. if a registered BAS Agent is lodging forms electronically through ECI or their BAS Portal then they obtain a 4 week extension to each BAS lodgement deadline
2. You will probably need to have your GST/BAS accreditation upgraded, probably meaning further study or assessment before 1 March 2013

ICB continues to both monitor the environment and lobby on your behalf as the world of the bookkeeper and BAS Agent continues to develop.