Commonwealth Numbered Regulations

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TAX AGENT SERVICES REGULATIONS 2022 (F2022L00238) - REG 22

Application fee for registration

             (1)  For the purposes of paragraph 20-20(2)(b) of the Act, the fee for an application of a kind referred to in column 1 of an item of the following table is the fee set out in column 2 of that item.

 

Application fees

Item

Column 1

Kind of application

Column 2

Fee

1

Application for registration of an individual as a registered tax agent other than where item 2 applies

$704 (subject to indexation under subsection (2))

2

Application for registration of an individual as a registered tax agent in the case where clause 211 of Part 2 of Schedule 2 applies in relation to the individual

Nil

3

Application for registration as a BAS agent

$141 (subject to indexation under subsection (2))

 

Annual indexation of fees

             (2)  On 1 July 2022 and each 1 July following that day (an indexation day), the dollar amount mentioned in an item of the table in subsection (1) is replaced by the amount worked out using the following formula:

                   Start formula Indexation factor for the indexation day times Dollar amount immediately before the indexation day end formula

          (3)  The indexation factor for an indexation day is the number worked out using the following formula:

                   Start formula start fraction Sum of the index numbers for the quarters in the year ending on 31 March immediately before the indexation day over Sum of the index numbers for the quarters in the year ending on the previous 31 March end fraction end formula

where:

"index number " , for a quarter, means the All Groups Consumer Price Index number (being the weighted average of the 8 capital cities) first published by the Australian Statistician for the quarter.

"quarter " means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.

             (4)  An indexation factor is to be calculated to 3 decimal places (rounding up if the fourth decimal place is 5 or more).

             (5)  If an indexation factor worked out under subsections (3) and (4) would be less than 1, that indexation factor is to be increased to 1.

             (6)  Amounts worked out under subsection (2) are to be rounded to the nearest whole dollar (rounding 50 cents upwards).

   


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