On 6 June 2013 the Leader of the House referred the creation of a regulatory framework for tax (financial) advice services based on Schedules 3 and 4 to the first reading of Tax Laws Amendment (2013 Measures No. 2) Bill 2013 to the Parliamentary Joint Committee on Corporations and Financial Services. The Committee is due to report by 17 June 2013.
This paper outlines the proposed educational and experience requirements for tax (financial) advisers an individual would need to meet to be registered as a tax (financial) adviser as envisaged in the amendments contained in Schedule 3 to the first reading of Tax Laws Amendment (2013 Measures No. 2) Bill 2013.