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Annual declaration for tax (financial) advisers

Annual declaration for tax (financial) advisers

You must complete your annual declaration to demonstrate and provide assurance to us that you meet the ongoing registration requirements, including:

There is no payment required for the annual declaration process.


COVID-19 concession

When is your annual declaration due

Proof of identity checks for individuals

Lodging your annual declaration

Failing to lodge your annual declaration


COVID-19 concession

As one of the ways to support tax practitioners in light of current coronavirus (COVID-19) impacts, we’ve temporarily waived the requirement to complete annual declarations for some tax practitioners.

If your annual declaration is due on or before 30 June 2021, you do not have to complete it until 2022 or 2023 (if your registration renewal is due in 2022).

You must, however, continue to meet your other obligations around professional indemnity insurance, fit and proper requirements, continuing professional education and personal tax obligations.


When is your annual declaration due?

Your annual declaration is due before the anniversary of your registration expiry date. It is due each year except in the year you renew your registration. To check your registration expiry date, visit the TPB Register.

We will send you an email to inform you when your annual declaration is due. It's important that you keep your contact details up to date with us, including your email address. You must also ensure your details are correct with ASIC at least two weeks before lodging your annual declaration.


Proof of identity checks for individuals

If you are a registered individual tax (financial) adviser, you must complete a one-off proof of identity (POI) process when completing your annual declaration.

For further information about the POI process including a list of acceptable documents to satisfy POI, refer to Proof of identity checks for tax practitioners.


Lodging your annual declaration

Go to My Profile to complete and submit your annual declaration. You can submit your annual declaration up to six weeks before the due date.


Failing to lodge your annual declaration

Under the Code of Professional Conduct (Code) you must respond to requests and directions from the Board in a timely, responsible and reasonable manner.

Failing to lodge your annual declaration before the due date may result in a sanction, including suspension or termination of your registration.

 

Last modified: 17 November 2020