Transitional registration only available to 30 June 2017
If you are a financial planner or adviser providing tax (financial) advice as part of your advice to clients for a fee or reward, you must be registered with the TPB as a tax (financial) adviser in order to provide this service legally. This applies to:
- Australian financial services (AFS) licensees
- authorised representatives (ARs)
- individual ARs
- corporate authorised representatives (CAR) -where an AR operates through a CAR structure, both will need to be registered
- employee representatives who may be required to be registered for the purpose of a company or partnership having a sufficient number of registered individuals - being registered tax (financial) advisers or tax agents.
If you are not yet registered with the TPB, find out if transitional registration is the right option for you and your business.
You can still register under the transitional option – but note this registration option expires on 30 June 2017.
Transitional registration gives you extra time to satisfy the registration requirements under the standard registration option. New registrants taking advantage of the transitional option will receive:
- more time to obtain qualifications and experience
- full documentation not required
- standard registration application not mandatory until 2020.
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.
After 30 June 2017 all registrations and renewals will need to meet the standard registration requirements.
Standard registration requirements include:
- individuals meeting qualifications and experience requirements.
- companies and partnerships meeting the sufficient number requirement.
Last modified: 7 March 2017