28/10/2008
TREASURY CONFIRMS CERTIFICATE IV in FINANCIAL SERVICES (Bookkeeping) IS VALID
Despite information being provided by other organisations we are able to confirm that Treasury states:
“As you are aware, the qualifications requirements are contained in the exposure draft Tax Agent Services Regulations 2008. Although the Regulations have not yet been finalised, we do not see any reason why the Certificate IV in Financial Services (Bookkeeping) would not be retained in the final draft.”
Business Tax Division
Revenue Group
The Treasury
Note that:
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The proposals are not yet law
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The proposed law has not been tabled before parliament.
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The House of Representatives only sits for another 12 days this year.
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Then resumes in February next year with only 7 days relevant for legislation such as this.
TIMING
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It will not be in effect this year.
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There is a time lag from the law being passed to the commencement of the transition period, and
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There is a 2 year transition period
