Continuing professional education

Continuing professional education (CPE) is now a requirement for renewal of registration. This means that when renewing your registration, you must demonstrate that you have completed CPE that meets our requirements.

Complying with our CPE requirements will also assist you to maintain knowledge and skills relevant to the tax agent, BAS or tax (financial) advice services you provide, which is one of your obligations under the Code of Professional Conduct.

You should ensure that a record of your CPE activities is maintained.

 

Transitional CPE arrangements for tax and BAS agents

Types of activities that count for CPE

Number of hours and CPE period

Special circumstances that affect your CPE

Recognition of your association's CPE

 

Transitional CPE arrangements (for tax and BAS agents only)

Transitional arrangements for CPE are available if you were registered as a tax agent or BAS agent as at 31 December 2013. If you meet this requirement and you make a renewal application between 30 June 2013 and 30 June 2016, you will only need to have read and understood the information in our CPE policy to meet our CPE registration renewal requirement. This arrangement can only be used once.

For all registration renewal applications made from 1 July 2016, tax and BAS agents will be required to have met the full CPE requirements set out in our CPE policy.

 

Types of activities that count for CPE

Registered tax practitioners must exercise their professional judgment in selecting relevant activities to count towards their CPE. We do not accredit CPE activities or prescribe particular topics for CPE activities.

For types of CPE activities we consider appropriate refer to CPE activities

 

Number of hours and CPE period

There are a minimum number of CPE hours that should be completed over a CPE period. The CPE period is your registration period, which for most practitioners will be three years.

If your CPE period is a period other than three years, you should complete CPE on a pro-rata basis.

 

CPE period

 

Tax and BAS agents


  • If your current registration commenced before 30 June 2013, your CPE period will begin on 30 June 2013 and end on the day your registration expires.

  • If your current registration commenced on or after 30 June 2013, your CPE period will begin on your date of registration and end on the day your registration expires.

 

Tax (financial) advisers


Your CPE period will begin on your date of registration and end on the day your registration expires.

 

Number of hours

 

Tax agents


  • Tax agents should complete a minimum of 90 hours of CPE within a standard three year registration period, with a minimum of 10 hours each year.

  • Tax agents with a condition of registration other than quantity surveying or fuel tax credits should complete a minimum of 45 hours of CPE within a standard three year registration period, with a minimum of five hours each year.

  • Tax agents with the condition of quantity surveying or fuel tax credits should complete a minimum of six hours of CPE within a standard three year registration period, with a minimum of two hours each year.

 

BAS agents


  • BAS agents should complete a minimumof 45 hours of CPE within a standard three year registration period, with a minimum of five hours each year.

  • BAS agents with the condition of fuel tax credits should complete a minimum of six hours of CPE within a standard three year registration period, with a minimum of two hours each year.

 

Tax financial advisers


  • Tax (financial) advisers should complete a minimum of 60 hours of CPE within a standard three year registration period, with a minimum of seven hours each year.

  • Tax (financial) advisers with a condition of registration should complete a minimum of 45 hours of CPE within a standard three year registration period, with a minimum of five hours each year.

 

Special circumstances that affect your CPE

There may be extenuating circumstances where a practitioner is unable to complete the minimum hours of CPE. If you experience such a situation, you should exercise your professional judgment in this regard and keep appropriate records of these circumstances.

Examples of situations where it might not be possible for you to complete the minimum amount of CPE hours include:

  • illness
  • disability
  • financial or other hardship.

In these types of circumstances, we will consider appropriate relief from the minimum amount of CPE hours, provided you can demonstrate that you have attempted to use the flexibility of your CPE period to manage any extenuating circumstances to comply with our CPE requirements.

 

Example: Using the flexibility of the three year CPE period

Alicia is a BAS agent running a sole practice in the Brisbane suburbs. In early 2014, Alicia is involved in a car accident and sustains serious injury. Alicia is unable to work for six months and manages to complete only three hours of CPE for that year.

Alicia completes 20 hours of CPE in the second year and 22 hours of CPE in the third year.

In this case, we will accept that Alicia has completed CPE that meets our requirements, despite Alicia not having completed the minimum five hours of CPE in the first year.

 

Recognition of your association’s CPE

If you are a member of a recognised professional association your compliance with the association’s CPE requirements will be accepted as meeting our CPE requirements, subject to the CPE activities:

  • being relevant to the tax (financial) advice, tax agent or BAS services you provide
  • being provided by persons or organisations with suitable qualifications and/or practical experience in the subject area
  • meeting our minimum amount of CPE hours as mentioned above.

 

Example: CPE must be relevant to the services you are registered to provide

Tim is a registered tax (financial) adviser and a member of Tax World, a recognised tax agent association. As a member of Tax World, Tim is required to complete 90 hours of CPE over three years. Tim’s practice primarily deals with superannuation and life insurance matters. Tim attends a CPE seminar provided by Tax World in relation to its potential merger with an international accounting association. As this seminar is not relevant to the tax (financial) advice services provided by Tim, the seminar would not be considered to be relevant CPE.


Further information

For more information refer to:

 

 

 

Last modified 5 March 2015