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Qualifications and experience to provide tax (financial) advice services

Qualifications and experience to provide tax (financial) advice services

From 1 January 2022, to provide tax (financial) advice services for a fee or other reward, you must be either:

  • a qualified tax relevant provider (QTRP) registered with the Australian Securities and Investments Commission (ASIC), or
  • a tax agent registered with the Tax Practitioners Board (TPB). 

The Tax Agent Services Regulations 2022 (TASR) include five new pathways to enable persons to register with us as tax agents.

To register with us through one of these new pathways, the TASR requires for pathways (or TASR Items) 207 to 210 that you:

  • are an Australian financial services (AFS) licensee or a representative of an AFS licensee at the time of your application, or
  • have been an AFS licensee or a representative of an AFS licensee within the 90 days preceding your application.


Summary of qualifications and experience requirements

Requirements under the TASR Items 207 to 211

Board approved courses

Relevant tax (financial) advice experience


Summary of the qualifications and experience requirements

The following table summarises the qualifications and experience requirements under five pathways (or TASR Items) for individuals to register as a tax agent.

Download a copy of the summary table as a PDF (42 KB)


Requirements for financial services licensees and their representatives under the TASR Items 207 to 211

Item 207 – Tertiary qualifications

To meet the requirements under Item 207, you must have:

  • been awarded a degree or a post-graduate award from an Australian tertiary education institution (or a degree or award that is approved by the Board from an equivalent institution) in a ‘relevant discipline’
  • completed a Board approved course in commercial law
  • completed a Board approved course in Australian taxation law
  • one year of full-time relevant tax (financial) advice experience (or part time equilvalent) in the last five years.

A ‘Relevant discipline’ includes: finance, financial planning, commerce, economics, business, tax, accounting or law.

Item 208 – Diploma or higher award

To meet the requirements under Item 208, you must have:

  • been awarded a diploma or higher award from a registered training organisation or an equivalent institution in a ‘relevant discipline’
  • completed a Board approved course in commercial law
  • completed a Board approved course in Australian taxation law
  • 18 months of full-time relevant tax (financial) advice experience (or part time equivalent) in the last five years.

A ‘Relevant discipline’ includes: finance, financial planning, commerce, economics, business, tax, accounting or law.

Item 209 – Work experience

To meet the requirements under Item 209, you must have:

  • completed a Board approved course in commercial law
  • completed a Board approved course in Australian taxation law
  • three years of full-time relevant tax (financial) advice experience (or part time equivalent) in the last five years.

Item 210 – Membership of professional association

To meet the requirements under Item 210, you must:

  • be a voting member of a recognised tax agent association
  • have six years of full-time, relevant tax (financial) advice experience (or part time equivalent) in the last eight years.

Item 211 – Registered tax (financial) advisers

To meet the requirements under Item 211, you must:

  • have been a registered tax (financial) adviser immediately before 1 January 2022; and
  • apply to register with us as a tax agent before 1 January 2023.


Board approved courses

To meet the qualification requirements under TASR Items 207, 208, or 209, you will need to have completed:

  • a Board approved course in Australian taxation law (i.e. one unit in taxation law covering the required topics)
  • a Board approved course in commercial law (i.e. one unit in commercial law covering the required topics).

These courses may have been covered in your primary qualification.

Your Australian taxation law course should include a component in the Tax Agent Services Act 2009 (TASA), including the Code of Professional Conduct (Code). Otherwise, you must have completed a separate unit covering this component.

You can check if courses and units have been approved by the Board using Qualifications check.

To find out more about the key requirements for a Board approved course in the above subject areas, refer to Board approved courses requirements to provide tax (financial) advice services.


Relevant tax (financial) advice experience

Relevant tax (financial) advice experience can include work:

  • as a registered tax agent
  • as a registered tax (financial) adviser before 1 January 2022
  • as a qualified tax relevant provider
  • under the supervision and control of a:
    • registered tax (financial) adviser before 1 January 2022
    • registered tax agent
    • qualified tax relevant provider
  • of another kind approved by us.

For more information about the amount and types of relevant experience you need to demonstrate when applying to register or renew your registration, visit Relevant tax (financial) advice experience for tax agents.
 

Further information

Last modified: 1 April 2022