Why is the registration period changing from 3 years to one year?
This was a decision by Government. There are a number of reasons, including to align with the registration periods of other professions across Government and other requirements for tax practitioners, including professional indemnity insurance policies.
Annual registration will also ensure we have greater ongoing visibility of tax practitioner registrations, which will increase consumer confidence that tax practitioners continue to meet their ongoing registration requirements and only those that should be registered are.
With the registration period changing to an annual renewal, what will this mean for the registration fees?
The annual registration fee structure is currently subject to government review. We will keep you up to date as more information is available.
Will fees still increase annually?
The new fee is subject to annual indexation (CPI), which is no different from the current structure.
When does annual registration apply for new registrants and those renewing their registration?
The change in legislation applies to both new registrations and renewal applications submitted on or after 1 July 2024.
I renewed my registration this June 2023 for 3 years, will I need to renew again on 1 July 2024 when the annual registration begins?
No, you will be able to see out your 3-year period. Annual registration will only apply after your current 3-year period expires (e.g. June 2026).
Will we receive an email to renew our registration before the due date?
Yes, you will receive reminders from us when your renewal is due. That is why it is important to keep your details up to date with us.
How long will my registration renewal application take to process?
We aim to process complete applications within 30 days of receiving them. Tax practitioners can continue working under their current registration until we decide the outcome of your renewal application.
With a shorter registration period will you still have 6 months to approve a new application?
We will now have a maximum of 4 months to process and determine the outcome of a new registration application. If an applicant does not receive a final decision within this timeframe, the application is considered rejected. Applicants have the right of review should their application be rejected.
When annual registration commences, do we still need to complete an annual declaration?
The annual declaration process has been retired and will no longer be a requirement for tax practitioners.
Will the continuing professional education requirements change with annual registration?
There will be no changes to the continuing professional education (CPE) requirements at this stage. The CPE period will continue to align with a tax practitioner’s registration date and the minimum yearly requirement for hours completed will remain. Tax practitioners will also still be able to align their CPE period to their recognised professional association.
What happens if I don’t renew my registration by the due date?
You must apply to renew your registration at least 30 days, but not more than 90 days, before it expires. If you fail to renew your registration on time your registration will expire, and you cannot provide tax agent or BAS services for a fee or other reward. You will also lose access to the Australian Taxation Office online services such as Online services for agents.
My renewal is due after 1 July 2024, but I want to renew early. If I apply to renew before 1 July, will I be registered for a 3-year period?
If you have an upcoming renewal or are applying to register, and you pay and submit the application by midnight 30 June 2024 the payment will be based on the existing fee, and you will remain registered for 3-years. Just remember, you must apply to renew your registration at least 30 days, but not more than 90 days, before it expires.
How do I complete my registration renewal?
To complete your application login to My Profile. You may also like to view our video to learn tips to ensure the renewal is a smooth process. The video outlines the renewal requirements and walks you through our renewal form.
Why can’t I access my renewal in My Profile?
Your renewal will only be available in My Profile 90 days before it expires.
Last modified: 9 February 2024