A qualified tax relevant provider is a relevant provider who has met the education and training requirements to provide tax (financial) advice services. To be a qualified tax relevant provider, a person must:
- be a relevant provider;
- complete a commercial law course and a tax law course unless they are exempt or have additional time to complete it; and
- complete five hours of continuing professional development relating to the provision of tax (financial) advice each CPD year.
Requirements to provide tax (financial) advice services to retail clients from 1 January 2022
I was a registered tax (financial) adviser with the Tax Practitioners Board immediately prior to 1 January 2022
| Were you a relevant provider immediately before 1 January 2022? | Your obligations |
|---|---|
| Yes | You can continue providing tax (financial) advice services as a qualified tax relevant provider. |
| No | You must become a qualified tax relevant provider to provide tax (financial) advice services to retail clients. |
I applied to be a registered tax (financial) adviser with the Tax Practitioners Board prior to 1 January 2022, but I was not a registered tax (financial) adviser immediately prior to 1 January 2022
| Were you a relevant provider immediately before 1 January 2022? | Your obligations |
|---|---|
| Yes | You can provide tax (financial) advice services from the date your registration as a tax (financial) adviser comes into force or immediately if you have already completed an approved commercial law course and tax law course. |
| No | You must become a qualified tax relevant provider to provide tax (financial) advice services to retail clients. |
I have not applied to be a registered tax (financial) adviser with the Tax Practitioners Board prior to 1 January 2022 and I was not a registered tax (financial) adviser immediately prior to 1 January 2022
| Scenario | Your obligations |
|---|---|
| If you are an existing provider but were not a relevant provider immediately before 1 January 2022: | You must become a qualified tax relevant provider to provide tax (financial) advice services to retail clients. |
| If you are an existing provider and were a relevant provider immediately before 1 January 2022: | You can provide tax (financial) advice services and have until 1 January 2026 to complete an approved commercial law course and tax law course, if you haven’t already done so. |