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Registering as a company or partnership tax (financial) adviser - standard option

Registering as a partnership or company tax (financial) adviser – standard option

From 1 January 2016, the standard registration option is available to Australian financial services (AFS) licensees and representatives who wish to be registered as a tax (financial) adviser.

Requirements for a standard registration

  1. Each individual partner or director must be at least 18 years old.
  2. Each individual partner or director must be a fit and proper person.
  3. The company or partnership must maintain, or will be able to maintain, professional indemnity insurance that meets our requirements.
  4. The company applicant or company partner must not be under external administration.
  5. The company or company partner must not have been convicted of a serious offence involving fraud or dishonesty during the previous five years.
  6. The company or partnership must have a sufficient number of individuals registered as tax agents or tax (financial) advisers to provide tax (financial) advice services to a competent standard, and to carry out supervisory arrangements.
     

Applying for registration

You must complete an online application and provide the supporting documentation.

 Checklist - information you need to apply to register

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Professional indemnity insurance policy details:

  • if the company or partnership is covered by its own policy, the policy number, name of insurer, start and end date of the policy and the amount of cover
  • if the company or partnership is covered by the policy of another registered tax practitioner, the registered tax practitioner’s name and registration number.

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Names and registration numbers of the individual registered tax agents or tax (financial) advisers forming the sufficient number to provide tax (financial) advice services and carry out supervisory arrangements.

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Details of any events that may affect your eligibility for registration, including overdue tax obligations.

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The company or partnership’s tax file number (TFN) and/or Australian Business Number (ABN). Providing this information will assist us to process your application.

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Schedule of personal details completed for all partners and directors who are not registered with the TPB.

 

Apply now

Application fee

You must pay the application fee in full before you submit the application for registration:

  • $400 – if you are carrying on a business as a tax (financial) adviser
  • $200 – if you are not carrying on a business as a tax (financial) adviser.
     

After lodging your application

We will advise you after the decision is made to either grant or reject your application.

If your application is granted, you will be registered for at least three years from the date we make our decision. We will:

  • advise you of any condition(s) we impose on your registration
  • include registration details on the TPB Register
  • notify the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO) that the company or partnership is registered with us.

If your application is rejected, we will:

  • advise you of the reasons for our decision and of your appeal rights
  • notify ASIC and the ATO of our decision to reject your application.
     

Further information