The Tax Practitioners Board (TPB) has issued Information Sheet TPB(I) 14/2012 (Tertiary qualifications in a discipline other than accountancy for tax agents).
Item 202 in Sch 2 of the Tax Agent Services Regulations 2009 (TASR) contains 1 of the 6 options for meeting the qualifications and experience requirements for registration, including renewal of registration, as a tax agent. This item permits applicants who have tertiary qualifications in a discipline other than accountancy to be registered as tax agents, subject to meeting the other requirements of the item and other registration requirements, such as being a fit and proper person. The Information Sheet provides an overview of the Board’s position in relation to the application of item 202.
Among other things, the Information Sheet sets out the Board’s power to impose conditions on registration and the Board’s approach to Item 202(b) in Sch 2 of the TASR as it relates to: (i) individuals registered as a tax agent as at 1 July 2013; and (ii) new applicants from 1 July 2013.
The Information Sheet is available on the Tax Practioners Board Website under ‘Education for Tax Agents’.
[LTN 179, 14/9]