FNSSS00004 BAS & PAYROLL Taxation Practitioner's Board Skill Set
For those who have completed a course at a higher level than a Certificate IV, such as a Diploma or Degree but have not completed an equivalent basic GST/BAS taxation principles course in that higher level course or for those who would like to obtain a BAS and payroll qualification.
Units of competency:
FNSBKG404: Carry out Business Activity & Instalment Activity Statements Tasks. FNSBKG405: Establish and maintain a payroll system
Reporting on payroll and other amounts withheld, pay as you go (PAYG) instalments and taxes
Completing, reconciling and lodging the Activity Statement
Interpreting and complying with relevant provisions in the following Acts and their associated regulations:
• Tax Agent Services Act 2009 (TASA 2009)
• Fringe Benefits Tax Assessment Act 1986
• Superannuation Guarantee (Administration) Act 1992
• Superannuation Guarantee Charge Act 1992
• A New Tax System (Goods and Services Tax) Act 1999
• Income Tax Assessment Act 1997
• Income Tax Assessment Act 1936
• Taxation Administration Act 1953
• Privacy Act 1988
Interpreting and complying with relevant ATO and TPB requirements, including TPB registration requirements where applicable
A comprehensive BIA written study guide
- Australian Master Bookkeepers Guide E-Book [if requested]
- A Step by Step Approach to Carrying out BAS and IAS Tasks using MYOB E-Manuals [if requested]
- Establish and Maintain a Payroll System using MYOB E-Manual [if requested]
Education requirements for BAS agents
According to the Tax Practitioners Board (The Board) . . . To become a registered BAS agent, or to renew your existing registration, you may need to satisfy education requirements, depending on the type of application you make.
If you are applying for the first time as a BAS agent, you may apply for registration using a:
standard application – available at any time, or
Standard application education requirements
If you are seeking registration as a BAS agent under the standard application option, you must meet all of the standard BAS agent eligibility criteria, including the education requirements. Additional eligibility criteria, such as relevant experience and fit and proper person requirements must also be met as part of the standard application option.
There are two education options. You need to satisfy only one of these:
- awarded a Certificate IV in Bookkeeping or Accounting; and
- successfully completed a Board approved course in basic GST/BAS taxation principles (which may be included within the above certificate).
- awarded a higher award than a Certificate IV in the field of bookkeeping or accounting (for example, a Diploma, Advanced Diploma or Degree), and
- successfully completed a Board approved course in basic GST/BAS taxation principles (which may be included within the above award).
Board approved course in basic GST/BAS taxation principles
The Board will also accept previous versions of these units so long as the individual can demonstrate knowledge of the Tax Agent Services Act 2009, including the Code of professional conduct. BIA has requested details from the Board as to exactly what is meant by this paragraph. In the absence of such details we recommend that you obtain both of these units.
If you have successfully completed another course, which you believe should be accepted as a Board approved course in basic GST/BAS taxation principles, then you should include a submission with your application, detailing course content and assessment requirements.
You may search the Qualifications list for Board approved basic GST/BAS taxation principles courses. Note that only the above two courses meet the meet the requirements of a Board approved course in basic GST/BAS taxation principles (GST/BAS course) for Application or renewal lodged from 1 March 2012.
Recognised prior learning
The Board may regard prior learning through experience as a substitute for formally attending and finalising a course qualification. They refer to this as recognised prior learning (RPL).
Where part, or all, of your GST/BAS course qualification has been gained through a process of RPL, the Board will accept this qualification only if it satisfies their RPL requirements set out in paragraphs 29 to 34 in TPB(I) 04/2011: BAS agent educational qualification requirements.
To demonstrate RPL that meets their requirements, you must be assessed formally and independently by the course provider and obtain a statement of assurance from the course provider that the prior learning has been assessed formally.
The assessment must test the elements of the unit and establish that you have achieved the learning outcomes of the actual course.
The Bookkeeping Institute of Australia GST/BAS and Payroll courses are formally assessed and do not include any element of RPL. Consequently we do not issue a statement of assurance but our graduation certificate makes it clear that competency was achieved by formal assessment.