On Tues 30.11.2021, the TPB issued a news article announcing its new continuing professional education (“CPE”) policy which takes effect 1 July 2022 (ie next year). This new policy is the final outcome following submissions from the TPB’s consultation back in February 2021.
Key changes include the following.
- Tax agents should complete a minimum of 120 hours of CPE over a 3-year period (up from 90 hours).
- BAS agents should complete a minimum of 90 hours of CPE over a 3-year period (up from 45 hours).
- Both tax and BAS agents should complete a minimum of 20 hours of CPE each year (up from 10 hours and 5 hours respectively).
- Under the new policy, members of a recognised professional association will be able to align their CPE period with the CPE period of their professional association.
[LTN 231, 30/11/21]
[Tax Month – November 2021 – Previous 2021] 2.12.21