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Bookkeepers & Accountants

Provides a package of Professional Indemnity and Public & Products Liability insurance with broad cover for Bookkeepers, Accountants, BAS Agents, TAX Agents, Auditors including Self-Managed Superannuation Funds, Administration and Secretarial Services occupations and activities at very competitive premiums. Don’t be left wanting for cover; with our Bookkeepers and Accountants Insurance Scheme we make sure you are insured for all your business activities. Our scheme, which is fully compliant with the Tax Practitioners Board, CPA, CA and IPA requirements, is fully backed by an APRA authorised insurer and covers the following business activities.

BAS Agent
Tax Agent
Auditing, including Self Managed Superannuation Funds
Limited AFS Licence Advice & Services
Debtor Finance & Invoice factoring
Administration & Secretarial Services
Management & Office Support Services
Virtual Assistant
Human Resources & Work Health & Safety
Resume Writing & Interview Services
Owners Corp Manager
Training & Development

Business Activities Overview:

Including, but not limited to, BAS agent, Tax agent, bookkeeping services, accounting services, BAS and Tax advice and services, audits, secretarial, administration, office support services, accounts receivable, accounts payable, payroll & superannuation including year-end reporting & payroll tax, BAS and IAS statements preparation and lodgement, profit & loss, balance sheet, cash flow statements, reconciliation and management reports, year-end accounts including lease, hire purchase, depreciation schedules, ascertaining and/or advising on liabilities, obligations and entitlements of an entity that arise or could arise, or representing an entity in their dealings with the Commissioner of Taxation in relation to GST law, wine equalisation tax law, luxury car tax law, fuel tax law, fringe benefits tax law, pay as you go PAYG withholding, PAYG instalments, tax accounting, taxation and investment advice and services, audits including Self-Managed Superannuation Funds RG 243 audits, limited Australian Financial Service licence advice and services, backlog processing for previous years and all data processing work, invoice factoring and debtor finance services, pro bono and/or voluntary accounting and/or other advice or services.

Including, but not limited to Office support, administration, secretarial services, training, coaching, clerical, audio and tape transcription services, letter and addressing services, secretarial and typing services, shorthand writers, stenographers, transcription services, typing services, word processing services, community and owners corporation administration, management, meetings, minutes, reports, searches, workplace health & safety, human resource services, including professional written resumes, cover letters, application letters, selection criteria documents, interview coaching and advice to clients and carrying out mock interviews. Supply, installation, configuration and training in the use of accounting and bookkeeping software and computer systems including, but not limited to MYOB, Quicken, Xero, BAS Wizard, Cash-flow and Microsoft suite.

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Learn More Policy Cover


The Tax Agents Services Act 2009 came into force on the 1st March 2010 requiring all practicing Tax agents and BAS agents who provide services for a fee to register with the Tax Practitioners Board. With effect from the 1st July 2011 they will be required to hold and maintain Professional Indemnity Insurance cover.

Accountants and Bookkeepers who register as BAS Agents and Tax Agenst under the new Tax Agents Services Act in order to be legally able to render BAS services to their clients will also be compelled to have professional indemnity insurance pursuant to the Code Of Professional Conduct contained within section 30-10 (13) of that Act.

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Tax Agent Services

Tax agent services are services relating to:

  • ascertaining (that is, working out) or advising about liabilities, obligations or entitlements of entities (that is your clients) under a taxation law
  • representing entities in their dealings with the Commissioner of Taxation (Commissioner) in relation to a taxation law
  • where it is reasonable to expect the entity will rely on the service to satisfy liabilities or obligations, or to claim entitlements under a taxation law.

There is a legal requirement that you must not charge or receive a fee or other reward if you provide a service which you know or should reasonably know is a tax agent service and you are not a registered tax agent. A similar requirement applies to lawyers preparing or lodging tax returns, they too must register. These registration requirements are not part of the definition of tax agent services, but are set out in section 50-5 of the Tax Agent Services Act 2009 (TASA).

For the definition of a tax agent service, refer to section 90-5 of the TASA.

BAS Agent Services

BAS service is defined in the Tax Agent Services Act 2009 (TASA) as:

  • ascertaining or advising about the liabilities, obligations or entitlements of a client under a BAS provision; or
  • representing a client in their dealings with the Commissioner of Taxation in relation to a BAS provision; and
  • where it is reasonable to expect a client will rely on the service to satisfy liabilities or obligations or to claim entitlements under a BAS provision.

The term ‘BAS provision’ is defined in Income Tax Assessment Act 1997 as:

  • Part VII (collection and recovery only) of the Fringe Benefits Tax Assessment Act 1986
  • the indirect tax laws, including
    • the goods and services tax (GST) law
    • the wine tax law
    • the luxury car tax law
    • the fuel tax law, and
  • Parts 2-5 and 2-10 in schedule 1 of the Tax Administration Act 1953, which are about the pay as you go (PAYG) system.

The TASA also provides that the Tax Practitioners Board may, by legislative instrument, specify that another service is a BAS service.
There are significant civil penalties for anyone providing BAS services for a fee or reward, or advertising BAS services, while unregistered.

For detailed information about the meaning of BAS service, refer to section 90-10 of the TASA.

Declaring certain services as BAS services

On 1 June 2016, Tax Agent Services (Specified BAS Services) Instrument 2016 was registered.

The legislative instrument allows BAS agents to provide certain services that extend beyond the legislative definition of BAS provision without the requirement to be a registered tax agent. These additional services are as follows:

  • services under the Superannuation Guarantee (Administration) Act 1992 to the extent that they relate to a payroll function or payments to contractors
  • determining and reporting the superannuation guarantee shortfall amount and any associated administrative fees
  • dealing with superannuation payments made through a clearing house
  • completing and lodging the Taxable payments annual report to the ATO, on behalf of a client
  • sending a tax file number declaration to the Commissioner, on behalf of a client
  • applying to the Register for an Australian Business Number, on behalf of a client.

An explanatory statement accompanies this legislative instrument.