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Relevant experience for tax (financial) advisers

Relevant experience for tax (financial) advisers

If you are applying to register or renew your registration as an individual tax (financial) adviser under the standard option, you must have the required experience in providing tax (financial) advice services.

Note: For experience requirements to register under the transitional option, refer Qualifications and experience for tax (financial) advisers.

What is considered 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 the Board.

Your relevant experience must include ‘substantial involvement’ in:

  • one or more types of tax (financial) advice services, or
  • a particular area of taxation law to which one or more of those types of tax (financial) advice services relate.

‘Substantial involvement’ means ample or considerable involvement

Amount of relevant experience required

The amount of relevant experience required will depend on your qualifications and the item in the Tax Agent Services Regulations 2009 under which you seek to register or renew your registration.

Regulation Item Primary qualification Amount of relevant experience
301 Tertiary qualification Equivalent of 12 months full-time in the preceding 5 years
302 Diploma or higher award Equivalent of 18 months full-time in the preceding 5 years
303 Work experience Equivalent of 3 years full-time in the preceding 5 years
304 Membership of professional association Equivalent of 6 years full-time in the preceding 8 years

 

Demonstrating your relevant experience

You must complete a 'Statement of relevant experience – tax (financial) advisers' form to demonstrate your relevant experience:

If you are relying on experience gained under the supervision and control of a registered tax agent or tax (financial) adviser, they must comment on your ability to provide tax (financial) advice services competently and verify the information you have provided in the form.

If your experience includes ‘work of another kind’, you must explain in your statement of relevant experience why it should be approved as ‘relevant experience’ and provide independent verification of your experience.

Independent verification

Independent verification may include a reference from an individual(s) who is able to comment on your ability, type and amount of experience. These individuals may include:

  • an Australian financial services (AFS) licensee or authorised representative
  • a registered tax agent or tax (financial) adviser
  • an employer
  • two of your colleagues or clients.

Further information

Last modified: 17 December 2015