TPB reports ‘healthy growth’ in BAS agents

TPB reports ‘healthy growth’ in BAS agents

healthy growth, increase

The chair of the Tax Practitioners Board has broken down the demographics of the BAS agent population, noting encouraging and ongoing growth patterns.

The number of BAS agents sits at just over 15,000, and TPB chair Ian Taylor said there is a regular stream of new applicants. 

Seventy-seven per cent of registered BAS agents are individuals, with the remaining 23 per cent being BAS agent partnerships or companies.

“That’s good and that’s encouraging, there’s healthy growth in the profession,” Mr Taylor told The Bookkeeper.

“We do get a bit of movement in terms of people coming into and out of the profession,” Mr Taylor said.

Approximately 80 per cent of the BAS agent population are women, with many of them working flexible and part time arrangements. Forty-seven per cent of BAS agents are over 50 years of age

In addition, 60 per cent of individual BAS agents are members of a recognised professional association.

As reported last week, Mr Taylor is bullish on the future of the BAS agent population in Australia, particularly given its compliance track record since registration began in 2010.

“From our perspective we are very happy in terms of where BAS agents are at right now,” Mr Taylor said.

“Historically this was an unregulated profession, and there was no requirement prior to 2010 for these people to be registered. So having gone through that transition from an unregulated environment to now having all these BAS agents registered with and regulated by the board, that’s a much better place to be in than we were seven years ago,” he said.

“BAS agents, throughout that process, have towed the line and done everything that has been asked of them,” he said.

TPB reports ‘healthy growth’ in BAS agents
accountantsdaily logo
promoted stories

Latest Opinions