Note: This blog post has been written based on the
assumption you have read the
TASA Part I and
TASA Part II blogs.
As discussed in earlier blogs, from 1 July 2014, an AFSL holder
or Authorised Representative (AR) who is providing a 'tax
(financial) advice service' can notify the Tax Practitioner
Board (TPB) it is providing these services. On the day it notifies
the TPB, it is deemed to be registered as a tax (financial)
adviser.
What happens once the AFSL holder/AR is registered as a tax
(financial) adviser?
- To financial advisers employed by the registered AFSL
Holder/AR?
Financial advisers employed by a registered AFSL holder/AR can
provide a tax (financial) advice service for at least the duration
of the notification and transition period without being registered
themselves. This is on the condition that they provide the advice
in the name of their registered employer –
just like an SOA will be issued in the name of the AFSL
holder/AR.
