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Register as a company or partnership tax (financial) adviser

Register as a company or partnership tax (financial) adviser

All Australian financial services (AFS) licensee and their representatives who provide tax (financial) advice services for a fee or other reward must be registered with us.

‘Representative’ is defined in the Corporations Act 2001 and includes:

  • an authorised representative of the licensee,
  • an employee or director of the licensee,
  • an employee or director of a related body corporate of the licensee, or
  • any other person acting on behalf of the licensee.

There are two registration options available:

  • Transitional option (available until 30 June 2017)
  • Standard option.
     

Transitional option

Under the transitional option, companies and partnerships need to demonstrate sufficient experience to be able to provide tax (financial) advice services to a competent standard.

‘Sufficient experience’ is generally the equivalent of 18 months or longer of full time experience that is related to the provision of tax (financial) advice service or tax advice given in the context of financial advice.

Standard option

Under the standard option, companies and partnership must meet all the standard registration requirements, including the sufficient number requirement.

‘Sufficient number requirement’ is the number of registered individuals, being registered tax agents or tax (financial) advisers, a company or partnership must have to provide tax (financial) advice services to a competent standard and to carry out supervisory arrangements.