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21 Apr 15 Relevant experience for tax (financial) advisers

The TPB has published an information sheet explaining the relevant experience requirements to register as a tax (financial) adviser under the standard option: TPB(I) 24/2015 Relevant experience for tax (financial) advisers.

From 1 January 2016, entities will be able to seek registration (including renewal of registration) as a tax (financial) adviser under the “standard option”.

The eligibility requirements for registration as a tax (financial) adviser under the standard application option are contained in s 20-5 of the Tax Agent Services Act 2009 (TASA). One of these eligibility requirements for individual applicants is that the individual has been engaged in the equivalent of between 12 months and six years of full-time relevant experience.

The purpose of this information sheet is to assist individuals to understand the TPB’s approach to the meaning of “relevant experience” for the purpose of registration as a tax (financial) adviser under the standard application option.


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