Time is running out for 9,500 tax (financial) advisers that still need to renew with the TPB
With just five weeks left in 2017, the Tax Practitioners Board (TPB) has revealed approximately 9,500 tax (financial) advisers still need to apply to renew their registration by 1 January 2018.
Chair of the TPB, Mr Ian Taylor warned that time is running out for tax (financial) advisers to renew their registration with the TPB and that they will put their business at risk if they fail to renew on time.
‘Like most Australians, these 9,500 tax (financial) advisers will be looking forward to a break over the Christmas and New Year period. Don’t put your business at risk – make sure renewing your registration is on the top of your to do list before you go on leave,’ Mr Taylor urged.
‘If tax (financial) advisers fail to renew their registration they can no longer provide tax (financial) advice services for a fee or reward. They will also need to lodge a new application and cannot provide services until the new application is decided’, Mr Taylor warned.
So long as tax (financial) advisers submit their renewal application on time, they remain registered until the TPB makes a decision on their application. Mr Taylor encourages tax (financial) advisers to take immediate action to make sure they are ready to renew:
- make sure they have updated their email address and mobile number (for SMS messages) on My Profile so they don’t miss important renewal information
- register for the TPB’s final free webinar for the year – Top Tips for renewing with the TPB to be delivered 5 December
- ensure they have had their completed statement of relevant experience verified by appropriate persons before they apply
- the TPB’s frequently asked questions for tax (financial) advisers will assist with registration questions.
For more information visit www.tpb.gov.au/financialadvisers
About the Tax Practitioners Board:
The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct.