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Support to tax practitioners affected by Coronavirus (COVID-19)

16 March 2020

Support to tax practitioners affected by Coronavirus (COVID-19)

The Tax Practitioners Board (TPB) will provide support to tax practitioners affected by Coronavirus (COVID-19).

If your ability to meet your obligations with us is affected, contact us and we will work with you to resolve any outstanding TPB matters.


Annual declaration and renewal concessions

CPE activities relaxed

Falling short of relevant experience for renewal?

TPB business as usual

Australian Government's response


Annual declaration and renewal concessions

We've temporarily waived the requirement to complete annual declarations for some tax practitioners. If your annual declaration is due on or before 31 December 2020, you do not have to complete it until 2021 or 2022 (if your registration renewal is due in 2021).

If you are unable to lodge your registration renewal application on time, contact us to discuss your situation and make appropriate arrangements.

You must, however, continue to meet your other obligations around professional indemnity insurance, fit and proper requirements and personal tax obligations.


CPE activities relaxed

In light of COVID-19 impacts, we've temporarily revised our approach to what activities will meet our continuing professional education/development (CPE/CPD) requirements.

Technical or professional reading activity

Our CPE policy sets a 25% cap for relevant technical/professional reading activity. We will be removing this cap until 30 September 2020. However:

  • you must first and foremost, explore and undertake online CPE offerings (as these online activities are becoming more readily available)
  • you must 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 three-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 also 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 temporarily be accepting a small amount of educative health and wellbeing 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.


Falling short of relevant experience for renewal?

If your working hours have reduced and you’re concerned about falling short of the required amount of relevant experience to meet the registration renewal requirements, contact us and provide details about your circumstances, such as:

  • why you are going to be short
  • by how much you would be short by from the required hours
  • amount and type of work you are currently undertaking
  • when do you think you will be in a position to meet the required relevant experience requirements.

We will then assess the information provided to determine the best course of action to assist you.


TPB business as usual

We’ve contingency plans in place to continue our business as usual in this environment. We’ll review our action plans on a regular basis to deal with changing circumstances in accordance with government directions.

Should there become a need to reduce our business operations, we will let you know through our usual communication channels.

 

Australian Government’s response

The government has announced its economic response to COVID-19 (novel coronavirus), and the measures, including boosting cashflow assistance for employers and delivering support for business investment, are now pending legislation.

The ATO has also announced support measures to assist those affected by COVID-19.


Further information


Last modified: 14 May 2020