Document ID: chunk:federal_register_of_legislation:F2024C00618:front:0:p8
Version: federal_register_of_legislation:F2024C00618
Segment Type: other
Provision Reference: 
Character Range: 18671–21829

goods and services tax include the A New Tax System (Goods and Services Tax) Act 1999.
 (3) The tax law course must be designed to provide a person taking the course with, as well as assurances that the person then has, knowledge and skills in the subject matters covered in subsection (2) at not less than an AQF level 5 as described in Australian Qualifications Framework, 2nd edition (January 2013) published by the Australian Qualifications Framework Council.
Note: On the day this instrument was registered, this publication was available at https://www.aqf.edu.au/.
 (4) The tax law course must be provided by one of the following:
 (a)  a registered higher education provider (within the meaning of the Tertiary Education Quality and Standards Agency Act 2011);
 (b) a registered training organisation (within the meaning of the National Vocational Education and Training Regulator Act 2011);
 (c) an organisation specified in Part 2 of Schedule 3 to this instrument.

Division 5—Requirements for continuing professional development

3‑120  Requirement for continuing professional development
  Under subsection 921BB(1) of the Act, each requirement for continuing professional development in relation to the CPD year of a financial services licensee set out in a provision in this Division, is determined as a requirement for a person who provides, or is to provide, a tax (financial) advice service.

3‑125  Additional requirements for tax‑specific CPD
 (1) A relevant provider who provides, or is to provide a tax (financial) advice service, must complete continuing professional development activities, in accordance with this section, to maintain and extend their knowledge and skills in Australian commercial and taxation law, as is relevant to providing a tax (financial) advice service.
 (2) The additional requirements set out in this section for continuing professional development activities in commercial and taxation law supplement the education and training standards for relevant providers relating to continuing professional development as determined by the Minister in the Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018.
 (3) The requirements in the Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018 are to be supplemented by applying the Determination as if all the following changes had been incorporated into the Determination:
 (a) repeal item 1 in the table in section 7 of the Determination and substitute:

Item  Column 2                                                                                                                                                                                                                                                                                                Column 3
      Content of CPD activity                                                                                                                                                                                                                                                                                 CPD area