Due to the ongoing impacts of COVID-19, we have extended many of our temporary concessions to assist you to meet your obligations with us.
We have extended the exemption to complete annual declarations until 31 December 2022. This means if your annual declaration is due on or before 31 December 2022, you do not have to complete it until 2023 or 2024 (if your registration renewal is due in 2023).
However, you must still meet the ongoing obligations to maintain your tax agent or BAS agent registration, including:
- maintaining professional indemnity (PI) insurance and notifying us of your updated PI insurance details via My Profile
- undertaking continuing professional education (CPE)
- satisfying our fit and proper requirements
- complying with the Code of Professional Conduct, part of which include meeting your personal tax obligations and that of your related entities.
We have extended our temporary revised approach to what activities will meet our CPE requirements.
Technical or professional reading activity
We have extended the removal of the 25% cap for relevant technical/professional reading activity in our CPE policy until 31 December 2022. However, you must first and foremost, explore and undertake CPE offerings and keep a log book detailing all the CPE activities undertaken.
It is important to note that while the 25% professional reading cap has been temporarily lifted, all elements of our CPE requirements still apply, including:
- the number of CPE hours you must complete over a 3-year registration period
- the minimum number of CPE hours you are required to undertake annually
- undertaking activities relevant to the services you are registered to provide.
For further information about our CPE policy, visit tpb.gov.au/cpe
Educative health and well-being activities
We acknowledge that during this difficult time, it is important to manage your mental health and wellbeing in order to continue to provide services to your clients. Therefore, we will continue to temporarily accept a small amount of educative health and wellbeing activities undertaken until 30 June 2022. These could include activities such as attending webinars about how to manage stress and self-care, as being a relevant CPE activity that will count towards your CPE hours for TPB purposes. However, the vast majority of your CPE activities must still be relevant to the tax (financial) advice, tax agent or BAS services you provide that maintain, develop or promote your skills, knowledge or attributes.
From 1 July 2022 our new CPE policy allows you to undertake up to 10% of your total CPE hours over your CPE period on educative activities related to mental health and wellbeing. For further information refer to our explanatory paper TPB(EP) 07/2021 Continuing professional education requirements for tax and BAS agents from 1 July 2022.
For Board approved courses, where supervised assessments cannot be conducted in line with our requirements, we will continue to consider the use of alternative assessment arrangements on a case-by-case basis. These concessions have been extended to 31 December 2022.
For further details refer to Board approved course requirements - concessions for COVID-19.
If you are unable to lodge your registration renewal application on time or falling short of relevant experience to meet the renewal requirements, contact us and we will work with you to determine the best course of action to assist you.
- PI insurance
- Continuing professional education
- Fit and proper
- Personal tax obligations
- For information on the government’s economic response to COVID-19, visit treasury.gov.au/coronavirus.
Last modified: 23 May 2022