WHY is CPE Required? To maintain your knowledge and skills...

Practitioners who are registered with the Tax Practitioners Board must complete CPE in order to comply with their Code of Professional Conduct obligations imposed by TASA 2009.

CPE is the process of maintaining and improving a professional’s knowledge and skills on a regular basis. CPE ensures registered practitioners maintain and enhance their primary qualifications, adapt and develop as the industry, laws, society and their individual practice changes.

The Code consists of 14 core principles which are grouped into 5 broad categories.

Honesty and integrity

Independence

Competence

Confidentiality

Other responsibilities

Why is CPE required?

CPE has been introduced under the Tax Agent Service regime to ensure agents registered with the TPB remain informed on current developments in the dynamic financial services industry and maintain a high level of professional knowledge and the appropriate skills to competently deliver the services they are registered to perform.

What is CPE?

CPE is defined by the TPB as “any education activity relevant to the tax (financial) advice, tax agent or BAS services you provide that maintains, develops or promotes your skills, knowledge or attributes, is considered to be a continuing professional education (CPE) activity under the CPE policy.”

If you are a member of a recognised professional association then your compliance with the association’s CPE requirements may be accepted as meeting the TPB’s CPE requirements.

What obligations?

Agents (Practitioners) who are registered with the Tax Practitioners Board must complete CPE in order to comply with their obligations under TASA 2009 including the Code of Professional Conduct. Complying with your CPE requirements will assist you to maintain knowledge and skills relevant to the BAS services you provide.

CPE Activities

CPE activities considered appropriate under the Tax Practitioners Boards’ policy include:

Seminars, workshops, courses and lectures (formal and informal education constitutes CPE)

Computer/internet-assisted courses, audiotape or videotape packages

Other education activities, provided by an appropriate organisation such as My CPE!

Structured conferences and discussion groups (including by phone or video conference)

Relevant CPE activities provided to members/non-members by a recognised professional association

Peer review of research and writing submitted for publication or presentation in structured training

Attendance at appropriate Australian Taxation Office (ATO) seminars and presentations

Research, writing and presentation of technical publications or structured training by a registered agent

Attendance at structured in-house training on tax related subjects by subject matter expert

Tertiary courses provided by universities, RTOs, other registered higher education institutions or other approved course providers

A unit of study or other CPE activity on the Tax Agent Services Act 2009 (TASA) including the Code of Professional Conduct (Code)

All things payroll… plus Cyber Security awareness training. Upskill and avoid being inadvertently trapped as an accessory liability or a cyber-statistic.

CPE hours for BAS agents

You should complete a minimum of 45 hours of CPE within a standard three year registration period, with a minimum of five hours each year to meet TPB requirements. Most associates require 15 per annum.

Association CPE requirements

If you are a member of a recognised professional association then your compliance with the association’s CPE requirements will be generally be accepted as meeting the TPB’s CPE requirements.

Tips for CPE

A course that has been completed to obtain registration or renew registration will not generally constitute a CPE activity. No more than 25 per cent of CPE should be undertaken through relevant technical or professional reading. 

Recording CPE activities

You must keep a record of your CPE activities as the TPB or your Association may request you to provide evidence of CPE that you have completed at any time throughout your registration period.

Managing your Professional Development

Code Obligations

Understand the professional obligations imposed by the Tax Agent Services Act 2009. Breaching the Code of Professional Conduct may invoke sanctions which could ruin your plan for success! 

Commitment

CPE is an obligation worthy of your focus and commitment. Investing in your own education and development, makes you more knowledgeable, competent and more valuable to your clients!

Competency

Assess your level of competence, emerging trends, legislative transformation and changes within your practice​. Combine this research with any identified skills gaps to guide your CPE plan.

Action Plan

Develop your personal CPE Action Plan to manage your professional development. Budget time and money for CPE – you are well worth the investment and together with My CPE you can achieve your goals!

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