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)

For a full list of Kaplan Professional’s TPB Approved Courses For Tax Advisers, click here.

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.

Duration

Individuals have a total of:

• • 12 weeks to complete the learning and assessment requirements for DFP5 Tax for Financial Advising from their initial activation date.
  • An additional four (4) weeks resubmission time – If an individual reaches the end of their initial enrolment period and has been deemed not yet competent in one or more assessment items, then an additional 4 weeks will be granted, provided the individual attempted all assessment tasks during the initial enrolment period. There is no fee for this extension.

Therefore, if an individual completes the learning and assessment, and the resubmission time is granted, the duration will be 16 weeks.

The amount of training for this course may be up to 20 hours per week. The amount of training is the hours an individual can expect to spend to complete their course work and assessments.

In addition to the amount of training, individuals who are new to industry or vocational training could need up to 10 hours per week known as unsupervised hours. These additional hours are for study skills or further research. For example, an individual not working in industry would need more time to review industry websites that are usually introduced in workplace compliance training.

Individuals working in industry may be able to complete the course requirements in a shorter timeframe or less hours per week.

Additional study-related fees apply to formal extensions and re-enrolments. Please refer to the Vocational Education Fees schedule found here.

Please also refer to our Vocational Education and Training (VET) Enrolment Terms and Conditions here or our Student Handbook here for important information on:

• Subject activation and completion timeframes
• Extensions
• Subject re-enrolment

Pathways

Study pathways

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

Entry Requirements

There are no entry requirements for this subject.

If this subject is being completed as part of the FNS60415 Advanced Diploma of Financial Planning 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 FNS50615 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.

Individuals are required to be aged 18 years or older to enrol in this course.

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.

Enrol now >

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

Delivery

This course is delivered online via Kaplan Professional’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.

Industry education requirements

Education requirements for financial advisers

We encourage you to book a consultation over the phone to discuss the options and study pathways available to you in more detail. These consultations allow our experienced and knowledgeable team to understand your needs, identify the qualification most appropriate for you, and address your questions thoroughly.

Book a consultation >

Alternatively, you can get in touch directly on 1300 320 760 or educationrequirements@kaplan.edu.au .

Assessments

The two assessment tasks for this subject are:

Examination 1: Supervised, open book online multiple choice examination, three (3) attempts.

Examination 2: Supervised, open book online short answer examination, three (3) attempts.

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.