83 and still new things to learn

Doctors, lawyers, teachers and other professionals never stop learning new techniques and strategies to hone their craft and remain on the cutting edge in their field – and so, too, do tax practitioners. Joseph Malouf, The Tax Institute’s most mature graduate, is proof that you are never too old to learn. 

Joseph became the oldest graduate on 24 May 2018 at age 83 when he was awarded the Graduate Diploma of Applied Tax Law through The Tax Institute.

“I’m very excited and proud to have completed the Graduate Diploma,” Joseph said. “I’ve had a very successful career in the accounting profession over many years, spanning many disciplines. All required the sound knowledge of taxation principle foundations.”

Joseph adds, “Certainly, having the qualifications and designation will support my practising career, in addition to the confidence built on the skills and knowledge I happily acquired in my studies with The Tax Institute.”

Keeping up with Australia’s evolving tax system

Joseph’s eagerness to deepen his knowledge in the disciplines he is practising and hunger for acquiring new skills was the reason he started the Graduate Diploma. He was also encouraged by the Tax Practitioners Board to undertake refresher courses in commercial and taxation laws.

“My younger son, who is now a CPA, witnessed the hard work I was carrying out through the process of arming myself with adequate up-to-date knowledge. I found all course topics extremely valuable and felt fully satisfied in starting and completing the courses, notwithstanding the hardship I encountered in the balancing acts of combining the demands of work, study and family life.”

Professor Bob Deutsch, Senior Tax Counsel and Head of Education at The Tax Institute, said he is a “tremendous inspiration to those who aspire to pursue lifelong learning.”

Bob adds, “His dedication and hard work is truly remarkable. It reminds us that it’s never too late to expand our minds and challenge ourselves to achieve something worthwhile. “

Secrets to study success

When asked to share his advice to others considering study, Joseph’s first tip was to view study as a happy celebration, rather than as a heavy load. “Think of the study environment as a worthwhile place of enjoyment surpassing any other places,” he said.

Joseph adds, “Set a target of well-balanced priorities and adhere to workable study plans with a high degree of discipline. Read and re-read the study materials to familiarise yourself with each topic under review. Finally, aim to achieve excellence by practising problem-solving, and not rely on open-book exams for help.”
Plans for the future

In addition to carrying out his clients’ work with a high degree of integrity, Joseph is continuing study with The Tax Institute and complete the CTA3 Advisory subject – the final step before achieving the prestigious, internationally recognised Chartered Tax Adviser (CTA) designation.

“I will continue arming myself with essential knowledge by keeping abreast of new developments in taxation, commercial and other law matters and attend professional development conferences as needed.”

Thinking about your or your team's tax study needs, or are interested in professional development? Find out more about what's on offer on our website or contact our advice team on 1300 829 338.


Popular posts from this blog

Div 7A: Issues when dealing with loans and unpaid present entitlements

The biggest changes in estate planning in a generation

July's tax developments - in depth