2 CPD Hours upon enrolment (updated to 20 CPD hours upon successfully passing the exam)

If you are a Financial Advisers and provide advice to your clients about the tax consequences of your financial product advice, you are providing tax (financial) advice services and must register with the Tax Practitioners Board (TPB) as a fax (financial) adviser.

To register as an individual tax (financial) adviser, you must meet the requirements for registration set by the TPB including the qualifications and relevant experience requirements.

The Tax (Financial) Adviser (TFA) Solution has been developed to meet the qualification requirement for individual registration, offered under CPA Australia's Registered Training Organisation.

It consists of two standalone modules:

  1. Taxation law
  2. Commercial Law

The Commercial Law module focuses on the application of taxation considerations when providing tax (financial) advice services, including the correct application of taxation legislation to client situations.

You have 12 weeks from enrolment to complete the assessment. 

Assessment

This module is assessed by a supervised exam, which consists of 40% multiple choice and 60% written response questions. The questions require application of knowledge gained from the module.

The exam duration is 2.5 hours (150 minutes) and can be completed at a time and place nominated by you.

You must notify CPA Australia your exam time, place and exam supervisor. CPA Australia will then email the exam form to your nominated supervisor the day before the nominate exam day.

The exam must be completed within 12 weeks of enrolling in the module.

Further information can be found in the Candidate handbook (PDF)  and our policies and forms page. 

Learning objectives

After completing this module, you should be able to:

  • understand what is a tax (financial) advice service
  • explain and research the relevant tax requirements and implications for a client's particular circumstances when providing tax (financial) advice
  • identify when to advise the client to seek independent tax advice as well as any specialist advice
  • understand what is required to maintain the knowledge of tax and tax administration requirements so they can be applied when providing tax (financial) advice services

Audience

Current and prospective financial advisers who need to meet the education requirements to register as a tax (financial) adviser with the TPB.

84 Days

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