Introduction
1. From 1 January 2022, entities that provide tax (financial) advice services for a fee or other reward must be either a qualified tax relevant provider (QTRP) registered with the Australian Securities and Investments Commission (ASIC) or a tax agent registered with the Tax Practitioners Board (TPB).1
2. The entities that are n o t eligible to be registered as a QTRP with ASIC must register as a tax agent with the TPB2 to provide tax (financial) advice services legally.
3. This TPB Information Sheet (TPB(I)) has been prepared by the TPB to assist entities to determine if they are providing a tax (financial) advice service and whether they need to register with the TPB.
4. Whether a particular service is a tax (financial) advice service is a question of fact. This means that each service will need to be considered on a case-by-case basis having regard to the facts and circumstances surrounding the provision of the service.
Source: www.tpb.gov.au
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