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Renew your tax (financial) advisers registration

Renewing your tax (financial) adviser registration

Generally, you must apply to renew your registration at least 30 days before it expires. You will remain registered until we make a decision on your application. If approved, your registration period will be renewed for at least three years.

If you fail to renew your registration on time and your registration has expired, you cannot provide tax (financial) advice services for a fee or other reward.

We will send you an invitation to renew your registration about 60 days before your registration expires.

Renewing your individual registration

Renewing your company or partnership registration

Application fee

After lodging your application
 

Requirements for renewing registration - individuals

You must meet the following requirements:

  1. be a fit and proper person
  2. satisfy the qualifications and relevant experience requirements which includes that you are, or have been, an Australian financial services (AFS) licensee or a representative of an AFS licensee within the 90 days preceding your application
  3. meet our continuing professional education requirements
  4. maintain, or show that you will be able to maintain, professional indemnity (PI) insurance that meets our requirements.

Renewing your individual registration

To renew your registration, you need to complete an online application, pay the appropriate fee and provide all supporting documents. Refer Renewal kit - individual tax (financial) advisers for information on the requirements and evidence needed to help renew your registration.

The checklist below provides a summary of the information and documentation you need to provide in support of your application. Use this checklist to ensure you have the required information before you start your online application.

Checklist - information required to renew your registration
  • Professional indemnity insurance policy details
  • Electronic copies of certificates and academic transcripts, as required, to show you have completed the required qualifications

Our YouTube video highlights some of the things that can get overlooked when completing a SRE form that can hold up your application being assessed.


Requirements for renewing registration - companies and partnerships

The company or partnership must meet the following requirements: 

  1. each director and/or partner must be a fit and proper person
  2. the company or partnership must maintain, or show that it will be able to maintain, PI insurance that meets our requirements
  3. you must show that the company or partnership has a sufficient number of registered individual tax (financial) advisers or tax agents to provide (financial) advice services to a competent standard and to carry out supervisory arrangements
  4. in addition, company tax (financial) advisers and companies that are a partner in a partnership tax (financial) adviser registration:
  • must not have been convicted of a serious taxation offence or an offence involving fraud or dishonesty during the previous five years
  • must not be under external administration.

Renewing your company or partnership registration

To renew your company or partnership registration, you need to complete an online application, pay the appropriate fee and provide all supporting documents. Refer Renewal kit for notifiers - company and partnership tax (financial) advisers for information on the requirements and evidence needed to help renew your company or partnership registration.

The checklist below provides a summary of the information and documentation you need to provide in support of the company or partnership's application. Use this checklist to ensure you have the required information before you start the application.

Checklist - information required to renew your company or partnership registration
  • Professional indemnity insurance policy details
  • Names and registration numbers of the registered individual tax (financial) advisers or tax agents forming the sufficient number to provide tax (financial) advice services and carry out supervisory arrangements


Application fee

You must pay the application fee in full when you apply to renew your 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.

For information on making a payment refer to How to pay your tax (financial)adviser application fee.
 

After lodging your application

We will advise you after the decision is made to either grant or reject your application for renewal of registration. We aim to process complete applications within 30 days of receiving them.

If your application is rejected, we will:

  • advise you of the reasons for our decision and of your appeal rights
  • notify the Australian Securities and Investments Commission and the Australian Taxation Office of our decision.
     

Further information

 

Last modified: 8 November 2017