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

Financial advisers who wish to provide tax advice in relation to licensed financial services they provide must be registered as a tax (financial) adviser with the Tax Practitioners Board (TPB), under regulation being progressively introduced since 1 July 2014.

The Tax (Financial) Adviser (TFA) Solution consists of two standalone modules and has been developed for licensed financial advisers to meet the education requirements for registration as a tax (financial) adviser.

Apply taxation requirements when providing tax (financial) advice services is the first module in the program and explains the importance of correct application of taxation requirements when providing tax (financial) advice services to clients.

This program is offered under CPA Australia’s Registered Training Organisation.

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

Assessment

The Tax (Financial) Adviser (TFA) Solution is assessed by way of a one hundred and fifty minute (2.5 hour) supervised exam and consists of 40% multiple choice and 60% written response exam questions that can be sat at a time and place of the candidates choosing.  The exams require candidates to apply the knowledge from the study materials, together with underlying principles of taxation commercial law.

Candidates are given a 12 week enrolment period and must notify CPA Australia when they intend to take the exam and provide details of their chosen exam supervisor, including their contact details. CPA Australia will then email the exam form to the exam supervisor on the day prior to the exam.

Please note, candidates are required to complete their exam prior to the end of their access period. 

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

Financial advisers who need to meet the education requirements to  register as a tax (financial) adviser with the Tax Practitioner Board (TPB).

84 Days

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