Qualifications and experience for tax (financial) advisers
Individuals must meet the qualifications and/or experience requirements to register or renew their registration as a tax (financial) adviser under the standard option. For registration under the transitional option, please see below.
If you gained your registration through the notification process, you cannot renew your registration under the transitional option. You must renew under the standard option.
Summary of the qualifications and experience requirements
*Available until 30 June 2017
Download a copy of the summary table as a PDF
If you have not previously gained registration through the notification process, you may apply to register under the transitional option. Under the transitional option, individuals, companies and partnerships must demonstrate that they have 'sufficient experience' to be able to provide tax (financial) advice services to a competent standard.
Sufficient experience means the equivalent of at least 18 months of full-time experience. This experience:
- must be related to the provision of tax (financial) advice services or tax advice given in the context of financial advice
- can be accrued at any time before applying to register
- does not need to be a continuous period of experience.
To demonstrate sufficient experience, you must provide a letter of verification from an appropriate third party who can verify your experience. We suggest you use our letter of verification template.
If you are relying on clients to verify your experience, you must provide verification from two separate clients.
If you cannot obtain appropriate verification, a submission must be provided with your registration application outlining your experience and the reasons why a letter of verification could not be provided. We will consider each case on its merits.
For further information refer to our information sheet TPB(I) 25/2015 Applying for registration during the transitional period: Sufficient experience to be able to provide tax (financial) advice services to a competent standard.
To apply to register or renew your registration as a tax (financial) adviser under the standard option, individuals will need to, among other things:
- be, or have been within the preceding 90 days, an Australian financial services (AFS) licensee or a representative of an AFS licensee
- meet the qualifications and experience requirements under one of the four items 301 to 304.
Please select the links below for detailed information about the qualifications and experience requirements under each item.