CA ANZ, IPA and the SMSFA propose that the definition of tax agent service be amended, to allow:

a. A ‘qualified accountant’,

b. who operates under a Certificate of Public Practice, and

c. who is a Registered Tax Agent with the Tax Practitioners Board, and

d. who is either:

i. Listed on the Register or Relevant Providers as at the date the legislation is passed or within two years prior to this date
ii. Accredited as an SMSF specialist adviser to provide a service, in the ordinary course of business as an RTA, that relates to advising on and assisting with: Calculating and making contributions to an existing superannuation fund, or

• Establishing a pension and calculating payments in connection with a pension payable from an existing superannuation fund, or
• Establishing or winding up an SMSF