Tax (Financial) Adviser

The Institute of Public Accountants’ mission is “to improve the quality of life of small business”. When it comes to education and training, that means delivering quality professional development and education pathways that expand our members’ career horizons, as well as better equipping them to serve clients in small business across the country.

For financial advisers who want to offer real tax advice and proactive assistance, becoming a registered tax (financial) adviser is an essential step. The Tax Practitioners Board has prescribed education requirements for advisers. In addition to your degree or diploma, you’ll also need to have successfully completed board approved courses in commercial law and Australian taxation law*.

The IPA is pleased to recommend Monarch Institute as our education provider of choice. Monarch Institute has pioneered the delivery of all-online, fully-supported, nationally recognised qualifications that get students job-ready for roles across the finance sector.
The Monarch Institute Tax (Financial) Adviser Course is comprised of the nationally recognised skill set required by the TPB for registration as a tax financial adviser. It includes:

Module 1 - Australian Taxation Law
Apply taxation requirements when providing Tax (Financial) Advice services (MTLTFA) (FNSTPB506):

  • Capital gains tax
  • Concepts of income (assessable and exempt), deductions, tax offsets, tax losses
  • Ethical and professional responsibilities of tax (financial) advisers, including obligations under the Tax Agent Services Act (TASA) and Tax Agent Services Regulations (TASR)
  • Fringe benefits Tax
  • Goods and services tax
  • International taxation
  • Tax administration, including assessments, amendments, objections and compliance
  • Tax planning and anti-avoidance provisions
  • Tax treatment for entities such as trusts, partnerships, companies, superannuation funds
  • Tax treatments for individuals

Module 2 - Commercial Law
Apply legal principles in commercial law when providing Tax (Financial) Advice services (MCLTFA) (FNSTPB507):

  • Aspects of the law of torts, particularly negligence and negligent misstatement
  • Business structures
  • Contract formation, validity and performance
  • Directors’ duties
  • Framework of the Australian legal system
  • Fundamental legal concepts of business organisational structures
  • Introductory contract law
  • Key provisions of the Competition and Consumer Act, particularly those relating to misleading and deceptive conduct
  • Negligence and risk
  • The company – a separate legal entity and its regulation
  • Trusts and associations

*For the latest education and work experience requirements, plus details of other prerequisites, check the TPB website.

Find out more and get started

There are no application deadlines or term dates holding you back. Download a Tax (Financial) Adviser Course brochure today and call 1300 738 955 to chat to one of Monarch Institute’s friendly course consultants about your study options.

Click here to download a brochure.
Click here to download an enrolment form.