Course learning and career outcomes
A commercial law course to underpin your tax skills
Since the introduction of the Tax Agent Services Act 2009 (TASA) on 1 March 2010, the release of the final guidelines on education and experience, and the final information on a Course in Commercial Law (finalised in September 2012), the Institute has dealt with member enquiries regarding the difficulty in accessing approved courses.
Therefore, the Institute’s Course in Commercial Law has been provided to facilitate registration as a tax agent for those individuals who wish to pursue this path.
The work of a tax agent requires skills in business and commercial activities (determined under the TASA). Providing a commercial law course aligns with the anticipated needs of new agents, re-registering agents and other professions who may wish to register as a tax agent (such as financial planners).
The Course in Commercial Law is ideal for:
- re-registering tax agents seeking a course in commercial law
- new entrants looking to register as a tax agent
- applicant members to The Tax Institute who would like a non-accounting pathway to voting membership
- financial planners.
The Course in Commercial Law consists of three course units:
- CommLaw1 – Australian Legal Systems
- CommLaw2 – Entities and Business Structures
- CommLaw3 – Property Law.
Each course unit is offered as a stand-alone subject.
The Course in Commercial Law covers the requirements as listed by the TPB as an acceptable course in commercial law (TPB (PG) 02/2010) on content, duration, assessment and AQF level.
The following core commercial law areas will be covered across the units:
- Australian legal systems and processes
- the law of entities (including partnerships, corporations and trusts) and business structures
- property law.
The career opportunities following the Course in Commercial Law include, but are not limited to:
- registered tax agent
- tax adviser
- tax manager
- associate lawyer
- certified financial planner
- corporate tax accountant
- lecturer or tutor.