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Death of a tax (financial) adviser

Death of a tax (financial) adviser

When a registered tax (financial) adviser dies, we must terminate their registration.

Following the death of a registered tax (financial) adviser, it is important that a next of kin or other representative notify us. 

We appreciate that this is a difficult time. Our procedures are designed to assist you in making appropriate arrangements in relation to the tax (financial) adviser’s practice.

How should you notify us

You can send an email to enquirymanagement [at] tpb.gov.au (subject: Notification%20of%20death) ( )or mail your correspondence to:

Tax Practitioners Board

GPO Box 1620

Sydney NSW 2001

Please include the following details in your written advice:

  • your name and contact number
  • the name of the deceased tax (financial) adviser
  • the registration number (if known) of the deceased tax (financial) adviser
  • name and contact details of the executor of the deceased estate
  • a copy of the death certificate or notification from a power of attorney.

What happens after you notify

When we receive advice about the death of a tax (financial) adviser, we will:

  • write to the executor of the estate advising the date when the registration of the tax (financial) adviser will cease, which is usually 60 days after the date of our written notice to the executor
  • terminate the tax (financial) adviser’s registration on the advised date
  • notify the Australian Taxation Office (ATO) and the Australian Securities and Investments Commission of the date and reason of termination
  • publish the notice of cessation of the tax (financial) adviser’s registration in the Government Notices Gazette
  • record the termination of the tax (financial) adviser’s registration on the TPB Register which will remain for a period of 12 months from the date the registration ceases.

During this period, you should put in place appropriate arrangements in relation to the practice of the tax (financial) adviser (such as winding up the practice or making arrangements for the sale of the practice) and notify the tax (financial) adviser’s clients. 

If you require further time to put in place appropriate arrangements please contact us.

Further information 

If you need any further information or assistance please contact us.

 

Last modified: 7 August 2017