Flowchart: Providing tax (financial) advice services

Step 1

Are you a relevant provider who is also a registered tax agent with the Tax Practitioners Board?

• If yes, go to Step 5
• If no, go to Step 2

Step 2

Were you registered with the Tax Practitioners Board as an individual tax (financial) adviser immediately before 1 January 2022, or did you have an application with the Tax Practitioners Board that was pending immediately before 1 January 2022 that was subsequently approved?

• If yes, go to Step 3
• If no, go to Step 4

Step 3

Are you a relevant provider (including a provisional relevant provider but not a timeshare adviser)?

• If yes, go to Step 5
• If no, go to Step 4

Step 4

Have you completed the specified courses in commercial law and taxation law? For more information, see INFO 268.

• If yes, go to Step 5
• If no, go to Step 6

Step 5

You are a qualified tax relevant provider. Go to Step 9.

Step 6

Are you:

• a relevant provider (including a provisional relevant provider but not a timeshare adviser), and
• an existing provider (within the meaning of section 1546A of the Corporations Act)?

• If yes, go to Step 8
• If no, go to Step 7

Step 7

You are not a qualified tax relevant provider and cannot provide tax (financial) advice services to retail clients. Flowchart path ends.

Step 8

You are taken to be a qualified tax relevant provider until 31 December 2025. You must complete the specified courses in commercial law and taxation law by 31 December 2025 to continue being a qualified tax relevant provider. Go to Step 9.

Step 9

Does your AFS licensee allow you to provide tax (financial) advice services to retail clients?

• If yes, go to Step 10
• If no, go to Step 11

Step 10

You can provide tax (financial) advice services to retail clients. Flowchart path ends.

Step 11

You cannot provide tax (financial) advice services to retail clients. Flowchart path ends.