Go to top of page

Qualifications and experience for tax (financial) advisers

Qualifications and experience for tax (financial) advisers

To apply to register or renew your registration as a tax (financial) adviser, individuals will need to, among other things:

  • be, or have been within the preceding 90 days, an Australian financial services (AFS) licensee or a representative of an AFS licensee
  • meet certain qualifications and experience requirements.
     

Decision tree tool

Summary of qualifications and experience requirements

Board approved courses

Relevant experience

Continuing professional education
 

Decision tree tool

Use our online decision tree tool to check if you satisfy the qualifications and experience requirements to register or renew your registration.

Summary of the qualifications and experience requirements

You may apply to register or renew your registration as a tax (financial) adviser through one of the four options (items 301 to 304) set out in the Tax Agent Services Regulations 2009 (TASR).

The following table summarises the requirements under these items, covering:

  • Primary qualification
  • Board approved courses
  • Relevant experience.

Download a copy of the summary table as a PDF
 

Requirements under the TASR items 301 to 304

Item 301 – Tertiary qualifications

To meet the requirements under item 301, you must have:

  • been awarded a degree or a post-graduate award from an Australian tertiary 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
  • the equivalent of 12 months of full-time, relevant experience in the preceding five years.

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

Item 302 - Diploma or higher award

To meet the requirements under item 302, 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
  • the equivalent of 18 months of full-time, relevant experience in the preceding five years.

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

Item 303 - Work experience

To meet the requirements under item 303, you must have:

  • completed a Board approved course in commercial law
  • completed a Board approved course in Australian taxation law
  • the equivalent of three years of full-time, relevant experience in the preceding five years.

Item 304 - Membership of professional association

To meet the requirements under item 304, you must:

Board approved courses

Unless you meet the tax (financial) adviser qualification requirements as the voting member of a relevant professional association (item 304), 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. For lists of Board approved courses refer to:

If your course does not appear on the Board approved courses lists

If you have completed a course or unit that does not appear on the above lists, do not worry as the Board may not have yet considered your course or unit for approval.

If you have a query as to whether a qualification or course you have completed, or are proposing to complete, meets the requirements of a particular Board approved course, please send us an email with details of your qualification or course. Your email should be sent to qualifications [at] tpb.gov.au (subject: Qualification%20enquiry%20for%20tax%20(financial)%20adviser%20registration) and include the following information:

  • course outline and other relevant course materials
  • academic transcript (if any)
  • type of Board approved course you are seeking approval for (for example, a Board approved course in Australian taxation law).
     

Relevant experience

Relevant experience can include work:

  • as a registered tax agent or tax (financial) adviser
  • under the supervision and control of a registered tax agent or tax (financial) adviser
  • 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 experience for tax (financial) advisers.
 

Continuing professional education

Registered tax (financial) advisers must undertake continuing professional education (CPE) that meets our requirements to be eligible to renew their registration.

For a summary of CPE requirements visit Continuing professional education for tax (financial) advisers.
 

Further information

 

Last modified: 1 July 2017