Statutory Obligations

By renewing my IPA membership, I agree to comply with the following professional and ethical standards:

(a)  the IPA Constitution, By-Laws, Pronouncements and any other IPA Regulations;

(b) all standard setter and regulator rules, guidance statements and authoritative interpretations;

(c) comply with the IPA CPD requirements in Pronouncement 7 being a minimum of 120 hours over each three-year CPD period, comprising of a minimum of 90 verified hours and 30 unverified hours;

(d) disclose to the IPA if I have had any actions brought against me by a professional body or a regulatory body including, but not limited to, Australian Securities and Investments Commission (ASIC), the Tax Practitioners Board (TPB), or if I am an undischarged Bankrupt or have been a director of an entity subject to any form of external administration;

(e) understand the IPA has an investigation and disciplinary process to investigate complaints and alleged breaches by an IPA Member;

(f) for Members that offer professional services to consumers, comply with the standards issued by the Accounting Professional and Ethical Standards Board (APESB), the TPB, ASIC, the Australian Accounting Standards Board (AASB), the Auditing and Assurance Standards Board (AUASB) and the Professional Standards legislation (if I am a Scheme Participant);

(g) hold an IPA Professional Practice Certificate (PPC) if I offer services to consumers and my turnover exceeds the tax-free threshold and/or I hold a statutory registration;

(h) If I hold an IPA PPC, I agree to:

(i) hold an IPA Limited-PPC if I offer services to consumers and my turnover is less than the tax-free threshold and I don’t hold a statutory registration;

(j) If I hold an IPA Limited-PPC, I agree to:

(i) hold an IPA Limited-PPC if I offer services to consumers and my turnover is less than the tax-free threshold and I don’t hold a statutory registration;

(j) If I hold an IPA Limited-PPC, I agree to:

  • Maintain PI insurance that complies that complies with IPA By-law 9.1.8, being a minimum of $1m per claim;
  • undergo the IPA Quality Review Program (QRP) as per the IPA review cycles;
  • advise the IPA if I have a business sale, merger, acquisition or liquidation;

(k) Notify the Advocacy and Professional Standards team of the IPA if I receive a PI insurance notification,  claim, or settlement.

(l) Consent to my personal information being collected and used as disclosed in the IPA’s Privacy Policy;

Note: 

Members residing overseas must also comply with these professional and ethical standards, where they are not prevented from doing so by the local laws.

The IPA may at any time, request evidence of your eligibility to renew your membership.

Further Information

Change in circumstances...

If you are experiencing financial hardship, the IPA can offer flexible payment arrangements. Please contact us on 1800 625 625.