If you are a Tax financial advisor who has registered with the Tax Practitioners Board (TPB) under the Notification or Transitional option, are you aware that you will have to fulfil a number of requirements before you can re-register under the Standard Option?
To apply to register or renew your registration as a tax (financial) adviser under the Standard Option, tax financial advisers will need to be, or have been within the preceding 90 days, an Australian financial services (AFS) licensee or a representative of an AFS licensee.
They will also need to meet the qualifications and experience requirements through one of the following options.
Tertiary qualifications
· been awarded a degree or a post-graduate award from an Australian tertiary institution (or a degree or award that is approved by the Board from an equivalent institution) in a relevant discipline
· completed a Board approved course in commercial law
· completed a Board approved course in Australian taxation law
· the equivalent of 12 months of full-time, relevant experience in the preceding five years.
Diploma or higher award
· been awarded a diploma or higher award from a registered training organisation (or an equivalent institution) in a relevant discipline
· completed a Board approved course in commercial law
· completed a Board approved course in Australian taxation law
· the equivalent of 18 months of full-time, relevant experience in the preceding five years.
Work experience
· completed a Board approved course in commercial law
· completed a Board approved course in Australian taxation law
· the equivalent of three years of full-time, relevant experience in the preceding five years.
Membership of professional association
· be a voting member of a recognised tax (financial) adviser association or recognised tax agent association
· have the equivalent of six years of full-time, relevant experience in the preceding eight years.
Relevant disciplines includes: finance, financial planning, commerce, economics, business, tax, accountancy, law.
Tax Financial Advisers Board Approved Courses
Have you registered as Tax Financial Adviser under the Notification or Transition option and will need to complete a TPB approved course in Australian Tax Law and Commercial Law course in the future?
Applied Education is a TPB approved provider for courses in Australian Tax Law and Commercial. We have developed a flexible online learning course designed specifically to meet the TPB requirements for standard registration as a tax financial advisers. Click here for further information.