- You may be eligible to reduce your CPD obligations if your working hours vary, or if you’re taking a break
- Who this applies to and how much of an exemption is available varies from case to case
Nothing stays the same for long
Life can be unpredictable, and we know that for a variety of reasons, our members may be unable to meet all of their CPD hours.
Depending on the circumstances, you may be eligible for a reduction (exemption) in your CPD hours.
Whether you’re planning a career break, taking time off to start a family, or something less expected comes along, you may qualify for an exemption from CPD.
Please be aware that a large workload, working outside of the accounting profession, or an employer that doesn’t provide CPD does not meet the exemption criteria. All members are required to meet the obligations under Regulation CR 7 unless they qualify for an exemption.
If you do meet the criteria for a full or partial exemption from the requirements in Regulation CR 7, please note that all members are still required to maintain their competence under the Code of Ethics.
Generally, CPP holders, license holders or CA ANZ specialists are not eligible for an exemption. This is because the responsibilities and level of expertise required of a CPP holder, keeping your skills and knowledge up to date is highly important.
Full or partial exemption
From 1 July 2021 members who do not hold a CPP and are over 60 are no longer automatically granted a full exemption from completing CPD. If you have fully withdrawn from the workforce (retired), regardless of your age, you will be eligible for a full exemption from the CPD requirements in CR 7.
Members are entitled to partial and pro-rated CPD exemptions in the following circumstances:
- extended leave from professional work, such as parental leave, career break or sabbatical
- extended absence from work due to unemployment or illness
- working on a part time or casual basis
- exceptional circumstances of hardship or difficulty in completing their required CPD.
Calculating an exemption
For periods from 1 July 2021, members are no longer required to submit an application in writing to CA ANZ other than for exceptional circumstances, or if you wish your exemption to be recorded on your My CA CPD log. If so, members should use the CPD exemption form on My CA. Otherwise, members should calculate their CPD exemption and keep this with their CPD records. If a member is selected as part of the CA ANZ CPD monitoring programme, they will be asked to provide a copy of these calculations supporting their exemption.
The information you need to keep with your records is:
- A brief explanation of the reason for the exemption.
- If an exemption is due to working part-time, the hours you were working and the dates that you were working part-time.
- All relevant dates, for instance if you are going on parental leave, the start date and finish date of your leave.
- A calculation supporting the exemption.
- The triennium for which the exemption applies.
For instance, if you are away for six months on parental leave during one triennium you would note that fact and also the dates of the parental leave and the calculation showing that an exemption of 15 verifiable hours based upon 6/36 months multiplied by 90 applies. Your verifiable CPD hours for that triennium would be reduced to 75 hours.