Registration as a Tax (Financial) Adviser - Australian Government

Description

You will require this registration if you intend to provide tax (financial) advice services for a fee or reward.

You are providing a tax (financial) advice service if you advice clients about the tax implications of any financial advice you provide.

A tax (financial) advice service consists of five key elements:

  1. a tax agent service (excluding representations to the Commissioner of Taxation)
  2. provided by an Australian  financial services (AFS) licensee or representative (including individuals and corporations) of an AFS licensee
  3. provided in the course of advice usually given by an AFS licensee or representative
  4. relates to ascertaining or advising about liabilities, obligations or entilements that arise, or could arise, under a taxation law
  5. reasonably expected to be relied upon by the client for tax purposes.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

You may apply for registration as a tax (financial) adviser as an individual, partnership or company.

To be granted registration, the Tax Practitioners Board (TPB) must be satisfied that you:

  • have the relevant qualifications and experience
  • are 18 years of age or more
  • are a fit and proper person
  • maintain or be able to maintain (once registered) professional indemnity insurance.

Please consult the Contact Officer for more information regarding eligibility requirements.

Ongoing eligibility requirements

To maintain your registration as a tax (financial) adviser, you must:

  • complete an annual declaration to show you meet your ongoing obligations, including meeting our professional indemnity insurance and continuing professional education requirements
  • comply with the TPB's Code of Professional Conduct
  • notify the TPB when your registration details or circumstances change
  • renew your registration on time.

Duration

At least three years.

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount
Apply Application All $550.00

Act(s) name

Tax Agent Services Act 2009 Australian Government

Regulation(s) name

Tax Agent Services Regulations 2009 Australian Government

Additional information

You may need the following information to register:

  • Electronic copies of certificates, academic transcripts and course outlines which demonstrate you possess the required qualifications.
  • Statement / s of relevant experience from a supervising registered tax agent, registered tax (financial) adviser or employer which demonstrates you have the required amount of experience.
  • Details of voting membership for any recognised tax agent or tax (financial) adviser association, if applicable.

Administering agency

Tax Practitioners Board

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Please use these contact details for help or more information:

Registrations

Tax Practitioners Board

Mailing address: GPO BOX 1620
Sydney, New South Wales 2001
Phone: 1300 362 829
Email: enquirymanagement@tpb.gov.au
Contact us website: General Enquiry Form (Opens in new window)
Website: Tax Practitioners Board (Opens in new window)