Flowchart: Can I provide tax (financial) advice services to retail clients as a relevant provider?

This flowchart should be read with Information Sheet 268 FAQs: Relevant providers who provide tax (financial) advice services (INFO 268). It sets out how to determine if you can provide tax (financial) advice services to retail clients as a relevant provider.

Flowchart: Can I provide tax (financial) advice services to retail clients as a relevant provider?

Note: See text version of flowchart process below which includes links to further information.

Text version – Flowchart: Can I provide tax (financial) advice services to retail clients as a relevant provider?

Step number	Step information
Step 1	Are you a relevant provider who is also a registered tax agent with the Tax Practitioners Board? If yes, go to Step 5 If no, go to Step 2
Step 2	Were you registered with the Tax Practitioners Board as an individual tax (financial) adviser immediately before 1 January 2022, or did you have an application with the Tax Practitioners Board that was pending immediately before 1 January 2022 that was subsequently approved? If yes, go to Step 3 If no, go to Step 4
Step 3	Were you a relevant provider (including a provisional relevant provider but not a timeshare adviser) immediately before 1 January 2022? If yes, go to Step 5 If no, go to Step 4
Step 4	Have you completed the specified courses in commercial law and taxation law? For more information, see INFO 268. If yes, go to Step 5 If no, go to Step 6
Step 5	You are a qualified tax relevant provider. Go to Step 9.
Step 6	Were you: a relevant provider (including a provisional relevant provider but not a timeshare adviser) immediately before January 2022, and an existing provider (within the meaning of section 1546A of the Corporations Act)? AND Did you: pass the financial adviser exam by January 2022, or if you qualified for the exam extension, pass the exam by 1 October 2022? For more information, see INFO 260. If yes to all, go to Step 8 If no to any, go to Step 7
Step 7	You are not a qualified tax relevant provider and cannot provide tax (financial) advice services to retail clients. Flowchart path ends.
Step 8	You are taken to be a qualified tax relevant provider until 31 December 2025. You must complete the specified courses in commercial law and taxation law by 31 December 2025 to continue being a qualified tax relevant provider. Go to Step 9.
Step 9	Does your AFS licensee allow you to provide tax (financial) advice services to retail clients? If yes, go to Step 10 If no, go to Step 11
Step 10	You can provide tax (financial) advice services to retail clients. Flowchart path ends.
Step 11	You cannot provide tax (financial) advice services to retail clients. Flowchart path ends.