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Tax (Financial) Adviser Course

All financial advisers that provide tax (financial) advice for a fee or other reward must be registered with the Tax Practitioners Board (TPB).

Monarch’s Tax (Financial) Adviser course is registered with the TPB as an Approved Course Provider for the education requirements in Australian Taxation Law and Commercial Law for Tax (Financial) Advisers. Students generally choose our cutting-edge Online learning option to study the course.

If you have completed Monarch’s FNS60415 Advanced Diploma of Financial Planning (specifically Taxation Planning), you will be given credit towards this course.

What is Tax (Financial) Advice?

Any advice by a representative of an Australian Financial Services (AFS) licensee that relates to ascertaining or advising about liabilities, obligations or entitlements that arise, or could arise under a taxation law constitutes Tax (Financial) Advice. This is outlined in the Tax Agent Services Act 2009. Go to www.tpb.gov.au for more information.

Am I required to do the course?

It depends on 3 things; your prior experience as a financial adviser, your education and your membership of a professional association. CLICK HERE for our FACT SHEET regarding if you will need to do this course

Course Modules

  • Module 1 - Australian Taxation Law
    1. Tax treatments for individuals
    2. Concepts of income (assessable and exempt), deductions, tax offsets, tax losses
    3. Tax treatment for entities such as trusts, partnerships, companies, superannuation funds
    4. Capital gains tax
    5. Fringe benefits Tax
    6. Goods and services tax
    7. International taxation
    8. Tax administration including assessments, amendments, objections and compliance
    9. Tax planning and anti-avoidance provisions
    10. Ethical and professional regulation of Tax (Financial) Advisers including obligations under the TASA and TASR
  • Module 2 - Commercial Law
    1. Framework of the Australian legal system
    2. Introductory contract law
    3. Contract formation, validity and performance
    4. Fundamental legal concepts of business organisational structures
    5. Aspects of the law of torts especially negligence and negligent misstatement
    6. Key provisions of the Competition and Consumer Act, particularly those relating to misleading and deceptive conduct
    7. Negligence and risk
    8. Business structures
    9. The company – a separate legal entity and its regulation
    10. Directors’ duties
    11. Trusts and associations
  • Features

    Engaging content. Amazing Support. 

    Online Study or Workshops
    Online Study (Self-Paced)
    • Easy-to-read course materials (including posted hardcopy textbooks)
    • Meets the Tax Practitioners Board (TPB) education requirements.
    • Telephone Support from our Accredited Trainers
    • Email Support from our Accredited Trainers
    • Online Assessments
    • Online Student Forums
    Workshops (Face-to-face)           Online Study Support PLUS

    • Workshop contact days: 4 days
    • Facilitated by expert industry qualified trainers
  • Online vs Workshop

    Online Learning – any time, any place, with maximum flexibility:

    Online learning allows you to start a course when and where it is convenient for you to study. It is particularly popular with stay-at-home parents, full time employees, or anyone seeking maximum flexibility because you can choose the pace you study (fast or slow).

    You are very well supported throughout your course. A dedicated Online education support team allows you to discuss your course work on a one-on-one basis with a specialist Accounting trainer. Your trainer is happy to contact you via phone, Skype, or email between Monday to Friday 9am to 5pm as you progress through the course, so you definitely won’t feel alone. You also have access to Online discussion forums via Monarch’s state-of-the-art learning management system providing access to an online learning community of fellow students.

    Please CLICK HERE for more information about studying Online with Monarch.

    Face-to-Face workshops – CBD training nationwide

    We offer intimate ‘small class room’ training (i.e. no more than 15 students per trainer) at our state-of-the-art training facilities just minutes from the CBD in all major States. All  training materials are included in our prices.

    We would be pleased to record your interest in any of our face-to-face courses and will let you know as soon as the course is confirmed to proceed. Please note, there must be a sufficient number of students for the face-to-face courses to proceed. Monarch as such reserves the right to cancel or reschedule courses due to insufficient student enrolments or other factors.

    Your office

    Monarch Institute provides onsite training for group instruction (minimum 6 staff). Please call us or email us, if you represent a company or organisation with more than 6 staff that require face-to-face workshops conducted at your office.

  • Pricing

    Tax (Financial) Adviser Course – Detailed Pricing

    You can choose to enrol in the FULL Tax (Financial) Adviser Course or alternatively you can enrol in just individual units (see prices below). There are substantial savings when enrolling in the full course.

    Diploma of Accounting Modules Online (self paced)
    Education
    Face to Face
    (workshops)^
    Module 1 – Australian Taxation Law $575 $1,150
    Module 2 – Commercial Law $575 $1,150
    FULL Tax (Financial) Adviser Course
    Enrol in the FULL Course and SAVE $100
    $1,050 $2,200

    ^All students studying at Monarch Institute are regarded as undertaking a course or qualification by Online (self-paced) education. Students may also choose to attend optional workshops which are facilitated by a recognised industry expert (‘facilitator’), in this instance a Financial Planning and Tax Professional. All Monarch facilitators are nationally recognised trainers and assessors under the Australian Quality Framework (AQF). To successfully complete the Tax Financial Adviser Course, pre-reading, attendance at optional workshops (if applicable), self-study and post-workshop assessment is required. It is a Tax Practitioner Board (TPB) requirement that two exams be undertaken. The first exam is for Australian Taxation Law, and the other exam is for Commercial Law. Refer to the Assessments section (below) for more information. Refer to workshop availability times under the timetable section. Refer also to the Student Information Guide.

  • Duration

    Is there a maximum course completion time?

    Yes – you have up to 1 year to complete the qualification, and many complete it in less time. 

    We find our students complete the Tax (Financial) Adviser course in varying time frames. It really does depend on your life situation, and time availability. There is also a requirement that you complete each module within 6 months (i.e. 2 modules times 6 months = 1 year maximum).

    Is there a minimum course completion time?

    No – there is no minimum course time-frame. 

    Students can complete the qualification as quickly as they choose.

    What is the average course completion time-frame?

    Volume of learning: We have found students that are genuinely motivated to progress through the course are able to complete the full course in 4 – 6 months. Other students take up to 1 year. The key factors that influence course completion is a student’s experience, time availability and work rate.

  • Accreditation

    Monarch Institute’s Tax (Financial) Adviser Course is an Approved Course with the Tax Practitioner’s Board (TPB), which is listed on the TPB website. Please refer to the www.tpb.gov.au.

    The modules are mapped against nationally recognised units of competency under the Australian Qualifications Framework (AQF).

    Units of competency:

    The units of competency listed below are packaged into 2 modules; (1) Australian Taxation Law, and (2) Commercial Law.

    Module 1 Australian Taxation Law
    FNSTPB506 Apply taxation requirements when providing Tax (Financial) Advice services (MTLTFA)
    Module 2 Commercial Law
    FNSTPB507 Apply legal principles in commercial law when providing Tax (Financial) Advice services (MCLTFA)
  • Assessments

    Monarch has carefully structured its Assessments to include a variety of formats which will enhance your understanding:

    • Calculation questions
    • Multiple choice questions
    • Short Answer questions
    • Case study and scenario-based questions

    Will I have to complete an exam?

    Yes. This is a requirement of the Tax Practitioner Board (TPB).

    The first exam covers Australian Tax Law. The second exam covers Australian Commercial Law. The exams do not need to be completed at the same time, in fact it is suggested they are not.

    Each exam consists of 30 multiple choice questions and 6 short answer or calculation questions.

    Where do I do the exam?

    The Tax Practitioner Board (TPB) specifies students can complete the exam at any location provided they are independently supervised according to the terms and conditions of independent supervision as specified by the TPB.

    For more details on the requirements of independent supervision, please contact one of our friendly course consultants.

    What standard of English and Maths will I need?

    Our free online assessment tool can help you determine the broad language, literacy and numeracy standards (i.e. English and Maths standards) required to study a Diploma level course. You can access the free tool by CLICKING HERE

  • Career opportunties

    Tax (Financial) Advice – an exciting growing industry

    The financial planning industry continues to grow as consumers seek trusted advice to help with their financial plans. It is a diverse industry involving advice across a range of areas including investments, insurance, superannuation, and much more.

    Completing a Tax (Financial) Adviser accreditation stipulated by the Tax Practitioner’s Board (TPB) will be an industry standard going forward.  All aspiring advisers should seek to attain this qualification as part of their professional education pathway.

    Because tax is so detailed and complex, it is no surprise clients continually seek accurate and timely trusted advice about their financial plans from advisers, and this includes the tax considerations that go along with such plans. CLICK HERE to ascertain if you need to do the course.