Document ID: chunk:federal_register_of_legislation:F2024C00896:schedule:2:p3
Version: federal_register_of_legislation:F2024C00896
Segment Type: schedule
Provision Reference: sch 2 (pt 3/8)
Character Range: 81909–84645

time equivalent) in the last 5 years.
Note 1: The Board may approve a course by an approval process, an accreditation scheme, or by other means.
Note 2: For the definition of relevant experience, see clause 212 of this Part.

Tertiary qualifications—law
 204 This clause applies if the individual:
 (a) has the academic qualifications required to be an Australian legal practitioner; and
 (b) has successfully completed a course in basic accounting principles that is approved by the Board; and
 (c) has successfully completed a course in Australian taxation law that is approved by the Board; and
 (d) has undertaken at least 1 year of full time relevant experience (or part time equivalent) in the last 5 years.
Note 1: The Board may approve a course by an approval process, an accreditation scheme, or by other means.
Note 2: For the definition of relevant experience, see clause 212 of this Part.

Work experience
 205 This clause applies if the individual:
 (a) has successfully completed a course in basic accounting principles that is approved by the Board; and
 (b) has successfully completed a course in Australian taxation law that is approved by the Board; and
 (c) has successfully completed a course in commercial law that is approved by the Board; and
 (d) has undertaken at least 8 years of full time relevant experience (or part time equivalent) in the last 10 years.
Note 1: The Board may approve a course by an approval process, an accreditation scheme, or by other means.
Note 2: For the definition of relevant experience, see clause 212 of this Part.

Membership of professional association
 206 This clause applies if the individual:
 (a) is a voting member of a recognised tax agent association; and
 (b) has undertaken at least 8 years of full time relevant experience (or part time equivalent) in the last 10 years.
Note: For the definition of recognised tax agent association, see section 5. For the definition of relevant experience, see clause 212 of this Part.

Tertiary qualifications—financial services licensees and their representatives
 207 This clause applies if the individual:
 (a) has been awarded either:
 (i) a degree, or a post‑graduate award, in a relevant discipline, from an Australian tertiary education institution; or
 (ii) a degree, or an award, in a relevant discipline that is approved by the Board, and that is from an equivalent institution; and
 (b) has successfully completed a course in commercial law that is approved by the Board; and
 (c) has successfully completed a course in Australian taxation law that is approved by the Board; and
 (d) has undertaken at least 1 year of full time relevant tax (financial) advice experience (or part time equivalent) in the last 5 years; and