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Surrendering or cancelling your tax (financial) adviser registration

Surrendering or cancelling your tax (financial) adviser registration  

You need to write to us if you wish to surrender (or cancel) your tax (financial) adviser registration.

If you are surrendering registration on behalf of a registered tax (financial) adviser who has died, please refer to Death of a tax (financial) adviser
 

Making a written request

Your written request should make it clear that you would like to surrender your registration and include details such as:  

  • your name
  • registration number
  • the date you would like the registration to cease.

You can send your request by:

  • email: enquirymanagement [at] tpb.gov.au (subject: Surrender%20of%20registration)
  • mail:

Tax Practitioners Board

GPO Box 1620

Sydney NSW 2001
 

What happens when you surrender your registration

When you surrender your registration, we must terminate your registration unless we consider that due to a current investigation or the outcome of an investigation, it would be inappropriate to do so.

If we decide not to accept your request to surrender your registration, we will:

  • provide written advice to you within 30 days of the decision
  • provide you with reasons for the decision
  • provide information on your rights of review.

If we decide to accept your request to surrender your registration, we will:

  • provide written notice to you within 30 days of the decision
  • provide you with reasons for the decision
  • advise you of the date your registration will cease (usually 35 days from the date we notify you)
  • provide information on your rights of review
  • notify the Australian Taxation Office (ATO) and the Australian Securities and Investments Commission (ASIC) of the decision and the reasons for the decision
  • publish the decision in the Government Notices Gazette.

You will not be able to legally provide tax (financial) advice services for a fee or other reward after your registration has ceased. If you want to operate as a registered tax (financial) adviser, you will need to submit a new application for registration and wait until the application is approved.
 

Obligations before your registration ceases

You should advise your clients that you are no longer a registered tax (financial) adviser to allow them to make alternative arrangements for their future taxation affairs.

You should ensure your clients' affairs are finalised before your registration ceases. If you are transferring your clients' affairs to another registered tax (financial) adviser, you must obtain your clients' permission before doing so. For further information refer to TPB(I) 32/2017 Code of Professional Conduct - Confidentiality of client information for tax (financial) advisers

 

Further information

 

Last modified: 29 August 2017