The Tax Practitioners Board (TPB) advises that the Government’s recent changes to the Tax Agent Services Regulations 2009 (TASR) mean that some tax agents will not need to complete a Board approved course in commercial law. However, this change does not affect individuals who became registered as a tax agent for the first time from 1 March 2010.
The law has been changed so that tax agents and former nominees of agents who were previously registered by a State Tax Agents’ Board are not required to complete a Board approved course in commercial law in certain circumstances.
This change will only affect those tax agents who were registered prior to 1 March 2010 with a State Tax Agents’ Board and who are seeking to register or renew their registration under item 203 (diploma or higher award item) or item 205 (work experience item) of the TASR from 1 March 2013. These tax agents will not be required to complete a Board approved course in commercial law.
Any other individual applying to register or renew their tax agent registration under the Tax Agent Services Act 2009 may need to show they have completed a Board approved course in commercial law. This will depend upon which of the other eligibility items of the TASR they apply under.