We regularly review our CPA Program subjects to ensure they meet the expectations of industry and employers, and our recent review of Advanced Taxation has brought about some significant changes.
We have enhanced the subject content so that it explores some of the complex areas of taxation in greater detail. Completing the subject will provide you with the depth of knowledge you need to make informed decisions and provide relevant advice to clients in an increasingly complex taxation environment. The enhanced subject will also contribute to part of the taxation education requirements for registration as a Registered Tax Agent (RTA) with the Tax Practitioners Board (TPB).
For other requirements to become an RTA, explore the full criteria.
Because of these changes, the subject content now assumes prior undergraduate level knowledge of Australian taxation, and the assessment is set at a more advanced level. Without the appropriate prior knowledge, you will find the subject highly complex and technically challenging.
|WHAT HAS CHANGED
|Before you enrol
The new Advanced Tax subject assumes members have prior undergraduate level learning in Australian taxation. If you do not have the necessary prior learning, you will find the subject highly complex and technically challenging, and you will need to allow additional time to prepare. How to prepare for Advanced Tax.
The content of the study guide has been enhanced to explore complex areas of taxation on a practitioner level. See what's new in the study guide.
The exam now comprises multiple choice questions and extended response questions. The exam will also require demonstration and application of knowledge at a more advanced level.
How may this affect you?
When you applied for the CPA Program, your previous education and qualifications were assessed against our set of competency areas.
If you did not satisfy our taxation competency area at the time of your assessment, you were advised to complete Advanced Taxation as a requirement to become a CPA.
As this subject has now been significantly enhanced, it’s important you are aware that attempting it without prior knowledge in Australian taxation will be an impediment to your success.
We encourage you to consider your taxation study options to ensure you can:
- Satisfy CPA Australia’s tax competency area and advance to CPA status
and, if you want a career as a Registered Tax Agent (RTA) in Australia
- Meet the Tax Practitioners Board education requirement if you choose to pursue a career as an RTA
We’ve provided more information below to help you understand your options and make an informed choice.
Understand your options
Option 1: Satisfy CPA Australia’s tax competency area and advance to CPA status
Complete an undergraduate unit of taxation
You may complete undergraduate study in taxation to satisfy our tax competency requirement. You have two options available:
- Enrol in an undergraduate unit of Taxation at the recognised tertiary provider of your choice. For international candidates, you may study taxation in your local jurisdiction to satisfy CPA Australia’s tax competency requirement.
- Alternatively, to assist candidates who do not wish to study taxation at university, from Semester 1 2019 CPA Australia will offer a new undergraduate equivalent subject, Introductory Taxation, outside of the CPA Program. Completion of this subject will satisfy our tax competency requirement. You may find this study option more convenient and cost-effective than returning to university.
Upon completion of the undergraduate-level taxation subject or our Introductory Taxation subject, you’ll satisfy CPA Australia’s tax competency area and will no longer be required to complete Advanced Taxation for membership advancement purposes.
You may then complete two other electives to satisfy your CPA Program studies.
Complete Advanced Taxation with support
You may choose to enrol in Advanced Taxation without prior Australian taxation knowledge, with the understanding that a lack of prior knowledge will be an impediment to your success.
If you choose to proceed with this option, we will provide you with access to supplementary reading material in Australian introductory taxation to help you prepare. You may access this reading material prior to enrolment, and we recommend you allow sufficient time to work through the material before enrolling in Advanced Taxation.
Please be aware that if you do choose to enrol in Advanced Taxation without prior Australian taxation knowledge, you are placing yourself at a considerable disadvantage
Option 2: If you intend to become a Registered Tax Agent with the Tax Practitioners Board
If you wish to pursue a career as a Registered Tax Agent (RTA) in Australia, we recommend you consider the study option that satisfies both CPA Australia’s tax competency area, as well as the Tax Practitioners Board (TPB) education requirements.
The TPB requires individuals to complete two approved units in Australian taxation, covering introductory and advanced levels, to satisfy the tax education requirements.
Complete an undergraduate unit in Australian taxation
Enrol in a TPB approved unit of undergraduate taxation study.
Alternatively, from Semester 1 2019 CPA Australia will offer a new undergraduate equivalent subject, Introductory Taxation. You may find this study option more convenient and cost-effective than returning to university.
Your completion of undergraduate study in Australian taxation will satisfy one introductory unit with the TPB and will also provide ideal preparation to complete the Advanced Taxation elective in the CPA Program.
Complete Advanced Taxation
After completion of your undergraduate study in Australian taxation you’ll have the appropriate prior knowledge to enrol in Advanced Taxation.
Completion of this elective in conjunction with your approved unit of undergraduate study will satisfy the tax education requirements of the TPB to register as an RTA.
Why is this change necessary?
We are always reviewing our subjects to ensure they meet the expectations of industry and employers. The Advanced Taxation subject requires an enhancement so that completing the subject contributes to part of your taxation education requirements for registration as a Registered Tax Agent with the Tax Practitioners Board (TPB). To become a Registered Tax Agent (RTA), individuals must complete two approved units on Australian taxation law covering introductory and advanced levels, to satisfy the tax education requirements. For other requirements to become a RTA, explore the full criteria.
What if I don’t want to complete Advanced Taxation?
All Associate members need to satisfy CPA Australia’s taxation competency area to advance to CPA status. If you don’t want to complete our Advanced Taxation elective, you’ll need to complete an undergraduate or postgraduate unit of taxation. You may do so at a recognised university, or by completing Introductory Taxation offered by CPA Australia from Semester 1 2019.
You will need to submit evidence of completion, and upon verification, you’ll receive advice that you are no longer required to complete Advanced Taxation.
Can I study undergraduate taxation in my local jurisdiction?
If you are based outside of Australia, you may study undergraduate taxation in your local jurisdiction at a recognised tertiary provider to satisfy our taxation competency area.
You will need to submit the appropriate evidence of completion and, upon verification, you’ll receive advice that you are no longer required to complete Advanced Taxation. You can then choose another elective to satisfy the CPA Program.
Note: If you intend to go on to study Advanced Taxation as an elective for career purposes, only study of taxation in the Australian jurisdiction provides the necessary prior learning required.
For members in Malaysia and Singapore, you may complete your local taxation variation, Malaysia Taxation or Singapore Taxation, and apply for an exemption.
I’ve already completed Advanced Taxation – do I need to resit the subject?
Completion of the former Advanced Taxation subject (before Semester 2 2018) has satisfied CPA Australia’s taxation competency area as a requirement to advance to CPA status, so there is no need to resit the subject.
Completion of the former Advanced Taxation subject will also be accepted in future applications for a CPA Australia Public Practice Certificate.
However, if you intend to become a Registered Tax Agent with the Tax Practitioners Board (TPB) in Australia, you will need to complete additional study to meet their requirements. The Advanced Taxation Supplement online course has been developed to complement the former CPA Program Advanced Taxation subject to contribute to the TPB education requirements.
Enrolments into the Advanced Taxation Supplement are available until 31 December 2018.
Is completion of Advanced Taxation prior to Semester 2 2018 accepted in an application for a CPA Australia Public Practice Certificate?
Yes, both the former Advanced Taxation and the new Advanced Tax are accepted in your application for a Public Practice Certificate. Completion of Introductory Taxation from semester 1 2019 will also be accepted. Find out more.