Time running out for tax financial advisers to register with the TPB

TPB reminds financial planners and advisers - time is running out for transitional registration

An article published by the Tax Practitioners Board (TPB) has reminded financial planners and advisers who have not yet registered with the TPB that time is running out to take advantage of the transitional registration option which ends on 30 June.

Financial planners and advisers who are providing tax (financial) advice as part of their advice to clients for a fee or reward, must be registered with the TPB as a tax (financial) adviser in order to provide this service legally. This applies to:

  • Australian financial services (AFS) licensees
  • authorised representatives (ARs)
    • individual ARs
    • corporate authorised representatives (CAR) -where an AR operates through a CAR structure, both will need to be registered
  • employee representatives who may be required to be registered for the purpose of a company or partnership having a sufficient number of registered individuals - being registered tax (financial) advisers or tax agents.


The article goes on to advise that there are two two options available to register as a tax (financial) adviser. These options are transitional registration (only available until 30 June) and standard registration.

Transitional registration provides extra time to satisfy the registration requirements under the standard registration option. This includes individuals meeting qualifications and experience requirements, and companies and partnerships meeting the sufficient number requirement.

‘To register under the transitional option there is a need to have sufficient experience to be able to provide tax (financial) advice services to a competent standard – which is generally the equivalent of 18 months or longer of full time experience.

The transitional registration option is only available until 30 June this year. After this time all registrations and renewals will need to meet the standard registration requirements.

Click here to read the full article.


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