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:
- having professional indemnity insurance cover
- undertaking continuing professional education/development (for individuals only)
- satisfying fit and proper requirements
- meeting your personal tax obligations.
There is no payment required for the annual declaration process.
When is your annual declaration due?
Your annual declaration is due by 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.
Sarah’s tax (financial) adviser registration expires on 1 May 2021. She must complete an annual declaration by 1 May 2019 and another annual declaration by 1 May 2020.
As Sarah’s registration expires on 1 May 2021, she is not required to complete an annual declaration in 2021 but she must complete an application to renew her registration at least 30 days before her registration expires.
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 by the due date may result in a sanction, including suspension or termination of your registration.
Last modified: 25 March 2019