Flowchart: Deemed registration with ASIC

This flowchart provides a step-by-step guide on how to determine if you have been deemed registered with ASIC

Note: See Table 1 for the process in this flowchart (accessible version). The table includes links to further information.

Step number	Step information
Step 1	Were you registered with the Tax Practitioners Board as an individual tax (financial) adviser immediately before 1 January 2022? If yes, go to Step 2. If no (including tax agents), go to Step 3.
Step 2	On 31 December 2021, were you: a relevant provider, or a time-share adviser? On 1 January 2022, had you: passed the financial adviser exam, or qualified for the exam extension? For more information, see Information Sheet 260 Timeframe for passing the financial adviser exam (INFO 260). If yes to both, go to Step 4. If no to either (including provisional relevant providers), go to Step 5.
Step 3	Did you have a pending application for registration with the Tax Practitioners Board as an individual tax (financial) adviser immediately before 1 January 2022 that was subsequently approved? If yes, go to Step 6. If no (including tax agents), go to Step 7.
Step 4	You were deemed registered on 1 January 2022 (under the AFS licensee who authorised you on 31 December 2021). If you did not receive a notice of registration from ASIC or your registration is not reflected on the Financial Advisers Register contact ASIC. Process ends.
Step 5	You were not deemed registered. Process ends.
Step 6	On 1 January 2022, had you: passed the financial adviser exam, or qualified for the exam extension? On the date that your Tax Practitioners Board application was approved, were you: a relevant provider, or a time-share adviser? For more information, see Information Sheet 260 Timeframe for passing the financial adviser exam (INFO 260). If yes to both, go to Step 8. If no to either (including provisional relevant providers), go to Step 9.
Step 7	You were not deemed registered. Process ends.
Step 8	You were deemed registered on the date that the Tax Practitioners Board approved your application (under the AFS licensee who authorised you at that time). If you did not receive a notice of registration from ASIC or your registration is not reflected on the Financial Advisers Register contact ASIC. Process ends.
Step 9	You were not deemed registered. Process ends.

Note: Your deemed registration will end if:

a banning order is made against you
a registration prohibition order is made against you, or
your authorisation to provide personal advice to retail clients on relevant financial products ceases for any reason (for example, you change AFS licensees or you go on a career break).

For more information, see Questions 17–21 in Information Sheet 276 Registration of relevant providers (INFO 276).

Flowchart: Deemed registration with ASIC

Table 1: Flowchart – Deemed registration with ASIC