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21 Apr 15 Tax (financial) advice services – sufficient experience (transitional)

The Tax Practitioners Board (TPB) has published an information sheet about what the TPB deems to be sufficient experience to be able to provide tax (financial) advice services to a competent standard during the transitional period: TPB(I) 25/2015 Applying for registration during the transitional period: Sufficient experience to be able to provide tax (financial) advice services to a competent standard.

Between 1 January 2016 and 30 June 2017, entities seeking registration as a tax (financial) adviser under the “transitional option” (ie, registration under Item 50 in Schedule 1, Part 3 of the Tax Laws Amendment (2013 Measures No 3) Act 2013) will need to satisfy the Tax Practitioners Board (TPB) that, among other things, they have sufficient experience to be able to provide tax (financial) advice services to a competent standard.

This information sheet has been prepared by the TPB to assist entities in understanding the TPB’s approach to this requirement. In particular, the information sheet explains the TPB’s view on what is meant by “sufficient experience” and “competent standard” in the context of registering in the transitional period.



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