Tax Agent Registration Course
in Australian Taxation Law and Commercial Law
Want to become a tax agent and already have a diploma or degree in finance?
This course is ideal for accountants or those with international qualifications who need to study additional units to meet the education requirements of the Tax Practitioners Board in order to become a tax agent.
Tax Practitioners Board (TPB) approved course in Australian Taxation Law and Commercial Law
This nationally-recognised qualification is ideal for accountants who need to gain tax agent qualifications that are TPB approved for tax agent registration. Other conditions apply – please refer to Education Requirements for Tax Agents. The Australian Tax Law course provides you with a detailed understanding of the concepts and application of Australian Tax Law.
Your pathway to becoming a registered tax agent in Australia
Course covers TPB Skill Sets as approved by the Tax Practitioners Board:
- FNSSS00008 – Tax Law for Tax Agents Skill Set
- FNSSS00005 – Commercial Law for Tax Agents Skill Set
Developed in consultation with industry partners – Institute of Public Accountants and Tax & Super Australia
Study Options
FNSSS00008
Australian Tax Law Units
- Enrol in only the units you need - One or multiple units
- Online Learning Platform - Start immediately, study units in any sequence
- TPB Approved - FNSSS00008 Australian Tax Law
- Support - Dedicated support team
- Australian Taxation Law – Electronic version of Tax Summary Provided (Valued at $145)
from $545 per unit
Combo pricing - 1 unit $645, 2 units $595 each, 3+ units $545 each
FNSSS00005
Commercial Law Units
- Enrol in only the units you need - One or multiple units
- Online Learning Platform - Start immediately, study units in any sequence
- TPB Approved - FNSSS00005 Commercial Law
- Support - Dedicated support team
- Australian Taxation Law – Electronic version of Tax Summary Provided (Valued at $145)
from $545 per unit
Combo pricing - 1 unit $645, 2 units $595 each, 3+ units $545 each
Express Diploma of Accounting + Tax
- Obtain a primary qualification to become a registered tax agent
- Online Learning Platform - Study at your own pace, at a time that suits you
- TPB Approved - Meets the education requirements for tax agents
- Support - Dedicated support team
- No previous qualifications required – includes all required prerequisites to be awarded this Diploma-level qualification
$3432
RRP $4290
Sale ends 30 June 2018
As a Registered Training Organisation (ID 52240), we comply with the government’s strict quality and consistency standards. We conduct regular audits to ensure we keep this accreditation and deliver the level of training you deserve.
Our Tax Practitioner Board approved course for tax agents in Australian taxation law is recognised in all states and territories of Australia.
Assessments
Using a variety of methods and submitted via the online student portal
Assessments for the Tax Practitioners Board Licensing Course for tax agents need to be independently supervised and comprise of theoretical and practical exercises, which are to be submitted within 12 months from your enrolment date.
Course Materials
Easy to read and high quality content, step-by-step instructions.
The Tax Practitioners Board Licensing Course for tax agents learning materials are packed full of easy-to-read, high-quality content. The step-by-step instructions with plenty of visuals and practice exercises offer exceptional value to the learner. These materials are supported by access to a team of qualified trainers and assessors. You will need to purchase hard copy manuals upon commencement of the course.
Benefits
Approved by the Tax Practitioner Board for Tax Agent Registration
- Applied Education is approved by the Tax Practitioner Board for Tax Agent Registration
- Tax Agent Pathway course is a Nationally Recognised Course
- Developed in consultation with industry partners – Institute of Public Accountants and Taxpayers Australia
- Study the complete course or complete only the units you require to meet TPB requirements
- Commence anytime
Units of Competency
TPB Tax Agent Registration course consists of 5 units of study
FNSSS00008 – Tax Law for Tax Agents Skill Set as approved by Tax Practitioners Board
AETL001 Individual Taxation & AETL002 Taxation of Legal Entities
This unit maps to FNSACC512 Prepare tax documentation for individuals, which is part of the FNSSS00008 - Tax Law for Tax Agents Skill Set (Tax documentation)
The following topics are covered:
1. Introduction to Income Tax
2. Assessable Income
3. Exempt and Non-assessable None Exempt Income
4. Capital Gains
5. Annuities and Foreign Pensions
6. Termination Payments
7. Small Business Entities
8. Trading Stock
9. General Deductions
10. Specific Deductions
11. Decline in Value
12. Tax Offsets
13. Tax Losses
14. Income Tax Returns
15. Tax Administration
Learning Outcomes
Students will have an understanding of the individual taxation including:
• The legislative framework of the Australian taxation system;
• principles of Australian tax law;
• residence and source ;
• assessable income;
• deductions;
• tax rebates/offsets and tax accounting;
• capital gains;
• tax administration;
• ethical and professional responsibilities of tax agents including obligations under the TASA and TASR;
• Current industry issues;
• Taxation software and electronic lodgement (including cloud solutions) and;
• ATO calculators and tools
AETL002 Taxation of Legal Entities
This unit maps to FNSACC601 Prepare and administer tax documentation for legal entities, which is part of the FNSSS00008 - Tax Law for Tax Agents Skill Set (Tax documentation)
The following topics are covered:
1. Income of Minors
2. Trusts
3. Partnerships
4. Companies
5. Primary Producers
6. Superannuation funds
7. Clubs, Societies and Associations
8. Special Professionals
9. Tax Agents
10. Returns and Assessment
Learning Outcomes
Students will have an understanding of the taxation law and preparation of varying entity types including:
• taxation of individuals and basic entities including partnerships, trusts and companies;
• taxation aspects of superannuation law;
• ability to complete the tax returns of the above entities
• Current industry issues;
• Taxation software and electronic lodgement (including cloud solutions) and;
• ATO calculators and tools
• ATO rulings and lodgement schedules
• Ethical considerations Tax Agent Services Act (TASA) and Tax Agent Services Regulations (TASR)
• GST law
Applied Education is an approved training provider by the Tax Practitioner Board for the tax agent registration course in Commercial Law.
FNSSS00005 - Commercial Law Course for Tax Agents
AECL001 Corporations and Trusts Law, AECL002 Property Law & AECL003 Contract and Consumer Law
This unit maps to FNSTPB504 Apply legal principles in corporations and trust law which is part of the FNSSS00005 – Commercial Law for Tax Agents Skill Set
The following topics are covered:
1. Choosing a business structure
2. The Company – Nature, Regulation and Registration
3. Management
4. Directors’ Duties
5. Share Capital and Fund Raising
6. External Administration
7. Associations
8. Trusts
Learning Outcomes:
Students will have an understanding of the corporations and trusts such that they can apply relevant statutory, common law and equitable principles to particular client fact situations.
Law of entities and business structures
Students will have an understanding of the various business structures and laws which relate to them in Australia including those which apply to sole traders, partnerships, trusts and companies. Students will also be exposed to the considerations which need to be borne in mind in choosing the most appropriate structure for a business. This will enable tax agents to be able to advise on the tax treatment of the entities.
Students will have an understanding of the usage of trusts as a business structure. In particular, the different types of trusts and their purposes. The taxation of trusts are covered in the taxation unit.
Current Industry Issues
Students will gain and understanding of the current issues in setting up of structures including current trust laws on income streaming.
This unit maps to FNSTPB505 Apply legal principles in property law which is part of the FNSSS00005 – Commercial Law for Tax Agents Skill Set
The following topics are covered:
The following topics corresponding to the chapters of the above text are as follows:
1. The Framework of the Australian Legal System
2. Contract Formation
3. Contract Validity
4. Contractual Rights and Obligations
5. Contractual Performance – Termination and Breach
6. Identifying, Protecting and Enforcing Interests in Personal Property
7. Interests in Intellectual Property
Research Topics
1. Research topic – Native title
2. Research topic – community and strata title
3. Application of contract law principles to property transactions
Learning Outcomes
Students will have an understanding of the Australian legal system such that they can apply relevant statutory, common law and equitable principles to particular client fact situations.
Contracts
Students will have an understanding of the fundamental legal concepts which govern the formation, operation and breach and discharge of contracts, including rules relating to remedies. This knowledge will be in context so they understand issues relating to the timing of the making of a contract (conditions precedent and subsequent), terms of a contract, changes to a contract and how that may produce different tax impacts.
Real and personal property law
Students will have a foundational knowledge of core legal concepts relating to real and personal property law. This foundational knowledge will be enhanced in Commercial and Property Law unit.
Intellectual property
Students will cover core concepts of intellectual property including copyright, designs, patents and trademarks.
This unit maps to FNSTPB503 Apply legal principles in consumer and contract law which is part of the FNSSS00005 – Commercial Law for Tax Agents Skill Set
The following topics are covered:
1. Australian legal systems and processes
2. Contracts – elements, operation and remedies
3. Law of torts – in particular negligence
4. Insurance law, including insurance contracts
5. Consumer protection law
6. Debt recovery and bankruptcy
7. Financial Services law
Learning Outcomes
Contract and Consumer Law students will have an understanding of the contract and consumer law law such that they can apply relevant statutory, common law and equitable principles to particular client fact situations.
Contract Law
Students will build on their understanding of the fundamental legal concepts which govern the formation, operation and breach and discharge of contracts, including rules relating to remedies. This knowledge will be in context so they understand issues relating to the timing of the making of a contract (conditions precedent and subsequent), terms of a contract, changes to a contract and how that may produce different tax impacts.
Superannuation
Students will gain an understanding of the regulation of superannuation products, superannuation providers and the trustees and managers of superannuation funds. Also covered will be roles of the responsible authorities such as APRA and the future expected changes to the superannuation regime.
Law of torts
Students will have an understanding of the law of torts and will particularly focus on the torts of negligence and negligent misstatement. They will also have an understanding of damages and defences to torts.
Insurance law
Students will cover the fundamental legal concepts as they relate to insurance law including the concept of an ‘insurable interest’. Indemnities, contracts of insurance and commercial insurance contracts will also be covered.
Consumer protection law
Students will cover core concepts relating to consumer protection law including consumer guarantees, product safety, and business practices (including misleading and deceptive conduct and false or misleading representations.
Applied Education is an approved training provider for the tax agent registration course FNSSS00005 – Commercial Law for Tax Agents Skill Set as approved by Tax Practitioners Board.
Additional Resources
2018 Tax Payers Summary Included. RRP $149
Electronic Copy Included
Google Apps – Google Drive, Google Sheets, Google Docs & More
Student ID & Email with Full Google Apps
Interested in further studies?
Applied Education is also approved by the Tax Practitioners Board to offer the BAS Agent Registration units as well as Diploma & Advanced Diploma of Accounting.
Online Learning
Online self paced learning is a convenient, effective and affordable way to learn. You can complete the Tax Practitioners Board Licensing Course at your own pace and your own leisure whilst still having access to the Training and Assessment team for support to maximise your learning experience.
Computer Specifications
Microsoft windows is the preferred operating system used for the study of this course. All student data files are supplied in windows format.
Mac Users – We do include access to a Mac version of MYOB Student Edition, but please be aware that if you select this option, the data files required for some units and options available to you may be different from the manual. This will not affect your grades and assessors can still mark using the Mac version.
Internet Access – ADSL internet with reliable connection required. All data files, learning activities and MYOB software are available via our student portal for download.
Support Options
Support Options with Applied Education – The Applied Education Difference!
From forums to recorded webinars Applied Education offers the best support in the industry.
Prerequisites
If you do not have a Diploma in Accounting equivalent or higher qualification then you may need to complete the Advanced Diploma in Accounting course.
Payment Plans Are Available
We understand not everyone has the financial resources upfront to invest in training, so we offer payment plans to get you moving faster towards your future.
- Pay a $475 deposit at commencement of course
- Remainder can be paid over three equal monthly instalments.
- An administration fee of $100 is added for this option. All you need is a valid credit card.
Career Pathways
The units of study for tax agent application program form part of
- Tax Agent Registration Application
- Diploma of Accounting
- Advanced Diploma of Accounting
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