To evolve your career as a registered tax agent, you must be registered with the Tax Practitioners Board (TPB). That means you’ll need to meet certain education and experience requirements, and a university degree alone isn’t enough to tick all the boxes. Be on the look-out for tax-training packages that match the TPB requirements and offer a bridge from university study to registration as a registered tax agent.
Here’s what you need to do to get your TPB registration sorted.
Review the following table at www.tpb.gov.au
Complete a primary qualification
To qualify for TPB registration, you must complete a degree or diploma in finance, commerce or accounting from an Australian tertiary institution or TPB-approved registered training organisation.
Complete a course in Australian taxation and commercial law
After successfully earning your primary qualification, your next step is to complete TPB-approved courses in Australian taxation and commercial law. The Tax Institute’s Graduate Diploma of Applied Tax Law meets all TPB requirements and combines practical and technical skills with high-level academic knowledge so you can face the challenges of a constantly changing tax environment.
Complete relevant work experience
If you have completed a relevant degree from an Australian tertiary institution or equivalent, you’ll need to demonstrate 12 months’ full-time experience within the last five years. If you’ve completed a relevant diploma from a registered training organisation or equivalent, you’ll need to demonstrate two years’ full-time experience within the last five years.
Why turn to The Tax Institute for support?
A recent ATO foresight report titled Systemic Drivers of Change revealed that the complexity of the tax system is set to intensify in the coming decade. That means the modern accounting professional must be equipped with a more sophisticated skill set than the traditional suburban accountant.
According to Ruth Ferraro, General Manager of education at The Tax Institute, tax professionals must look beyond the diploma and advanced diploma levels of study to the higher graduate diploma level in order to face the complex challenges of tomorrow.
“The diploma and advanced diploma levels of learning are all very well for delivering and assessing most technical accounting content, except when it comes to tax,” she says. “Take Part IVA and anti-tax avoidance, for example – this is the domain of highly experienced lawyers and much more equal to postgraduate levels of learning.
“Knowing the complexity and intellectual activity that being a proficient and capable tax professional requires, and knowing how much is riding on the advice our members give clients, The Tax Institute has developed its Graduate Diploma of Applied Tax Law equal to that level of learning.”
Learn more about how The Tax Institute’s Graduate Diploma of Applied Tax Law can help prepare you for a career as a registered tax agent.
Maintaining your professional skills
Oh, and when you are fully registered as a tax agent and are required to complete your CPD … we’ll have a complete range of resources and information services to support you.
Want to find out more? Why not undertake the TASA 2009 and Code of Professional Conduct online course. This is a standalone course that navigates this essential part of the legislation and regulations.
Take the next step in your tax career by studying with The Tax Institute.
Find out more.