Course overview

This course is for financial advisers who provide tax (financial) advice services and wish to be registered with the Tax Practitioners Board (TPB) as a tax (financial) adviser.

This subject meets the requirements for ‘a course in Australian taxation law that is approved by the Board’ for tax (financial) advisers for the purposes of Items 301(c), 302(c) and 303(b) of Part 3 of Schedule 2 to the Tax Agent Services Regulations 2009 (TASR).

Kaplan’s Tax for Financial Advising course provides you with:

1. The fundamentals of the taxation system within Australia including the basics of the income tax system for individuals, non-residents, minors, partnerships, companies and trusts and the Medicare scheme.
2. An understanding of the rules relating to goods and services tax, fringe benefits tax and capital gains tax, including capital gains concessions available to small businesses.
3. A detailed explanation of the taxation rules applying to superannuation benefits, employment termination payments and life insurance policies.
4. An understanding of the superannuation industry in Australia in relation to retirement planning and the tax implications.
5. The ethical and professional responsibilities of tax (financial) advisers including obligations under the TASA and TASR.

Subject outline:

DFP5 – Tax for Financial Advising (TASATFA)

If you have previously completed a Kaplan tax subject and require a board approved course in Australian taxation Law, you will be required to complete a supervised online short answer exam only, based on Kaplan’s current tax subject. The short answer exam is a requirement of the Tax Practitioner’s Board. The exam will cover topics 1 – 5 and will assess key concepts of the subject, and will focus on the additional content. You are provided with pdf subject notes in the room, no hard copy notes are provided. The subject code is TASATFA – Tax for Financial Advising (Short answer exam).

Who can I contact about this?

If you have any questions about your enrolment, please contact our student services team on 1300 662 203 or mail@kaplan.edu.au.

Click on the below diagram to find out what options are available for you.

Duration

The maximum time for completing the subject is 12 weeks from your enrolment date.

Pathways

Study pathways

Financial planners seeking a higher level of education can explore pathways into the Advanced Diploma. To find out how you can obtain an Advanced Diploma click here.

To stay ahead in this competitive industry, Kaplan provides training in specialist knowledge areas such as Self Managed Super Funds (SMSF) course, Advanced SMSF workshops and our Accredited Listed Product Adviser (ALPA) program. 

Career pathways

Financial planners seeking a professional designation are required to undertake a postgraduate course. For more information on Kaplan’s financial planning postgraduate courses refer to here.

Have you considered a professional designation with the AFA?  Switch on your leadership thinking with the AFA FChFP.  This designation provides participants with comprehensive and innovative business framework to support their business and professional vision.  Topics covered include:

• Business Strategy
• Client Experience
• Advanced Financial Solutions
• Professional Conduct & Governance

CPD

Continuing professional development (CPD) of your knowledge and skills is essential to remaining compliant under ASIC’s Regulatory Guide 146 (RG 146).

Kaplan offers CPD training through Ontrack — our online CPD platform — which delivers monthly multimedia training, along with tracking and reporting capabilities.  

Kaplan’s CPD training is recognised and accredited by the AFA, FPA and SPAA.

The FPA have assessed the Advanced Diploma of Financial Planning subjects and awarded CPD points to the following subjects:

DFP5 – Tax for Financial Advising – 16 CPD points

Professional dimensions covered include Capability, Critical Thinking, Attributes and Performance, Professional Conduct and Reflective Practice.

To learn more about our RG 146 compliance offerings, visit the CPD page for more information, or contact our CPD support team on 1300 527 526.

Entry Requirements

There are no entry requirements for this subject.

If this subject is being completed as part of the Advanced Diploma of Financial Planning (FNS60415) students must hold the Financial Services units from the core of the Diploma in Financial Planning in the Financial Services Training Package FNS (e.g. Kaplan Professional’s Diploma of Financial Planning).

or

Completion of the sectoral core units and the regulatory unit FNSASICZ503 Provide advice in Financial Planning from the Diploma in Financial Planning in the Financial Services Training Package FNS10.

Exemptions

There are no exemptions available for this course.

Enrolment

You may enrol into this course at any time and begin studying immediately on enrolment.

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If this subject is being complete as part of the Advanced Diploma of Financial Planning (FNS60415) students must hold a current Diploma of Financial Planning. 

Delivery

This course is delivered online via Kaplan’s learning management system KapLearn.

Students receive login details to KapLearn upon enrolment. When students log on to KapLearn they can access their subject notes, assessments, additional learning materials such as case studies, practice activities and their online tutor. Students will also receive a set of hard copy notes upon enrolment.

Students access and submit their assessments through KapLearn.

Corporate clients should contact our Corporate Solutions Representative on 1300 728 505 to discuss face-to-face delivery options and how we can tailor our training to your business needs.

Assessments

The two assessment tasks for this subject are:

Examination 1: Supervised, open book online multiple choice examination

Examination 2: Supervised, open book online short answer examination.

Kaplan’s exams are open book exams, where emphasis is placed on the application of knowledge. 

You must attempt your first exam within 12 weeks of your enrolment date.

You are entitled to a first sit and two resits of an exam. To achieve an overall grade of ‘competent’ in the exam, you must achieve the nominated pass mark for each section in the exam. If you are deemed ‘not yet competent’ for a section, you are only required to attempt that section in the resit.

You can sit your exam while being supervised in your workplace or at a Kaplan office.

Kaplan office exam times and venues can be downloaded here.

Fees

Individual subjects are $585 (GST exempt) each.
For additional study-related fees refer to our fees document.

Policies

Student policies

Individuals who enrol in a Kaplan Professional course are bound by our published policies, including the policy that sets out our rules for assessment. Individuals can review these policies here. The policies also assist individuals when their study program does not go as planned and they need extra support.

Terms and Conditions

Click here to access our terms and conditions.

Refund Policy

Access our refund policy

Brochure

Click here to download a brochure for this course.