18/02/2015 What are the benefits? Graduate Diploma of Applied Tax - PDF document

18/02/2015 What are the benefits? Graduate Diploma of Applied Tax Law  Have more career options Anticipating the needs of tomorrow’s tax professionals  Keep up-to-date with tax changes  Meet tax agent registration requirements  Increase salary expectations Information Session  Learn how to provide high quality advice to your clients Presented by Guy Burrows guyburrows@taxinstitute.com.au (02) 8223 0069 Why complete the Who are we? Graduate Diploma with us?  Competitive pricing Not-for-Profit organisation reinvesting into company to improve the quality of products and services we offer.  Offering an ‘applied’ tax qualification With over 70 years’ experience  Internationally recognised through the CTA designation Designators of the internationally recognised through the Chartered Tax  Profession’s recommended qualification Adviser (CTA) post-nominal Australia’s leading professional association in tax Our tax policy team is at the forefront of all tax matters Current sponsoring employers Qualification level KPMG HLB Mann Judd What AQF level is the Graduate Diploma? Grant Thornton Pitcher Partners Level 5 – Diploma Brown Wright Stein Level 7 – Bachelor degree Westpac Level 8 – Graduate Diploma of Applied Moore Stephens Tax Law Berwick Partners Level 9 – Masters Degree PKF Lawler Partners Perks 1

̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ ̶ 18/02/2015 What is taught in the Graduate Eligibility Diploma of Applied Tax Law? English language equivalence (If the language of instruction for your 6 years of high school qualifications was not English) TOEFL (paper) Overall 580 / TOEFL (computer) Overall 237 / TOEFL (Internet) Overall 92 / IELTS 7 Australian tertiary qualification  Diploma of Financial Services (Accounting/Financial Planning) ; OR  Degree in Finance; OR  Degree in Commerce; OR  Degree in Accounting; OR  Degree in Law. Alternative entry  Demonstrate 3 years’ relevant experience; OR  Be permitted to be provisionally enrolled in the CTA1 Foundations and CTA2A Advanced or CommLaw1 subjects; OR  Elect to sit the assessments of CTA1 Foundations and CTA2A Advanced or CommLaw1. Subject structure overview Core Subjects Length Candidate Support Core subjects Study modes Face-to-face; or  Online learning portal support •  13 weeks per subject ATL001 CTA1 Foundations  Distance  Access to course convenor • Tax returns Study Modes  Access to recommended readings PAYG/BAS statements Calculate CGT and GST  Access to recorded webinars  Distance – web/teleconference  ATL003 CTA2A Advanced Assessment Not marked on attendance TASA 2009 Code of Professional Conduct • Online multiple choice Assessment Once a fortnight CGT questions (40% Partnerships  Online check-point questions 2hours each (may vary) weighting) Trusts  Open-book exam  Face-to-face for all core subjects Superannuation • Open-book exam (60%  Assignment (tax specialty electives) Tax Administration weighting) Marked on attendance  ATL004 CTA2B Advanced Held in the CBD of most states Corporate Tax External Recognition Once a fortnight GST Course in Australian Tax • 3hours each (may vary) Qualification FBT Law with the Tax International Tax Graduate Diploma of Applied Tax Law  Assessment only Practitioners Board Part IVA (GDATL) Receive no study materials (TPB) • Exemption from the CPA and CA tax module Tax speciality electives Commercial law electives Commercial Law Elective subjects Tax Speciality elective subjects  ATL002 CommLaw1 Australian Legal Systems  ATL007 Advanced Superannuation  ATL008 Tax for Trusts in Estate Planning and Wealth Management  ATL005 CommLaw2 Entities and Business Structures  ATL009 Corporate Tax  ATL006 CommLaw3 Property Law Study modes Study mode  Distance only  Distance only Assessment Assessment  Online multiple choice questions (10% weighting)  Online multiple choice questions (40% weighting)  Computer based open book exam (50% weighting)  Computer based open book exam (60% weighting)  2,500 - 3,000 word assignment (40% weighting) External Recognition • Course in Commercial Law with the Tax Practitioners Board (TPB) 2

18/02/2015 The Tax Institute External provider Advanced Standing Recognition of Prior Learning (RPL) Rule of thumb: No maximum number of advanced standing when enrolling in 2015  Undergraduate degree = 1 exemption;  Postgraduate degree = 2 exemptions Application required for RPL upon enrolment Application required for advanced standing upon enrolment  Must complete RPL form for credit transfer • Must complete advanced standing form for credit transfer Provider RPL (not limited to) ATL001 CTA1 Foundations; or Previous course/subject name Exemption(s) ICAA more than 10years prior; and  12 months relevant experience in the last 3 years.  ATL003 CTA2A Advanced  ATL001 CTA1 Foundations; and CTA1 Foundations; or  ATL001 CTA1 Foundations ICAA less than 10years ago; and 12 months relevant experience in the last 3 years.  ATL003 CTA2A Advanced Tax for Financial Advising CPA Australia Advanced Taxation and/or the previous Taxation segment  ATL001 CTA1 Foundations; and less than 10 years ago; and  ATL003 CTA2A Advanced CTA2 Advanced  ATL003 CTA2A Advanced completed an undergraduate subject in tax; and  ATL004 CTA2B Advanced 12 months’ relevant experience in the last 3 years. CTA3 Advisory  1x tax speciality elective; or CPA Australia Advanced Taxation and/or the previous Taxation segment  ATL001 CTA1 Foundations  1x core subject more than 10 years prior; and completed an undergraduate subject in tax; and CommLaw1 Australian Legal Systems  ATL002 CommLaw1 Australian Legal Systems 12 months’ relevant experience in the last 3 years. Undergraduate Law Degree (including double degree) 1x Commercial Law elective CommLaw2 Entities and Business Structures  ATL005 CommLaw2 Entities and Business Structures  Undergraduate degree with tax subject; and  ATL001 CTA1 Foundations 12 months relevant experience CommLaw3 Property Law  ATL006 CommLaw3 Property Law  ATL001 CTA1 Foundations Post-graduate degree with tax subject(s); and 12 months relevant experience ATL003 CTA2A Advanced  Provide transcript and learning outcomes of the subject you are using for exemption when enrolling. Recommended study pattern Recommended study pattern Becoming a registered Tax/BAS Agent CA graduates 2015 (Tax subject completed less than 10years ago with 12 months experience*) Year 1 Accelerated Regular 2015 ATL001 CTA1 Foundations (including Challenge Year 1 Accelerated Regular Study Period 1 ATL001 CTA1 Foundations (including Challenge Exam) Exam) ATL002 CommLaw1 Australian Legal Systems Study Period 1 ATL004 CTA2B Advanced ATL004 CTA2B Advanced Study Period 2 ATL003 CTA2A Advanced ATL003 CTA2A Advanced ATL007 Advanced Superannuation ATL005 CommLaw2 Business and Entity Structures ATL008 Tax for Trusts in Estate Planning and Wealth ATL008 Tax for Trusts in Estate Planning and Wealth Study Period 2 Management Management Study Period 3 ATL004 CTA2B Advanced ATL004 CTA2B Advanced ATL009 Corporate Tax ATL006 CommLaw3 Property Law Obtain Graduate Diploma of Applied Tax Law Obtain Graduate Diploma of Applied Tax Law 2016 Study Period 3 ATL007 Advanced Superannuation Year 2 2016 (Subject to Availability) Year 2 Study Period 1 ATL002 CommLaw1 Australian Legal Systems (Subject to Availability) Study Period 2 ATL005 CommLaw2 Business and Entity Structures Study Period 1 ATL009 Corporate Tax Study Period 3 ATL006 CommLaw3 Property Law Attain Graduate Diploma of Applied Tax Law Obtain Graduate Diploma of Applied Tax Law *Must complete RPL form for credit transfer What is the CTA3 Advisory course? Recommended study pattern Case Studies Entry Pathways  CTA1 Foundations, CTA2A Advanced and  International Tax Becoming a Chartered Tax Adviser (CTA) CTA2B Advanced (or equivalent); or  Employee Share Plans  Masters of Tax; and 2015 Corporate Tax   3 years of work experience; and  Trusts  Fellow of The Tax Institute (included upon enrolment) Year 1 Accelerated Regular  Goods and Services Tax Assessment Study Period 1 ATL001 CTA1 Foundations (including Challenge Exam) ATL001 CTA1 Foundations (including Challenge Exam)  Capital Gains Tax ATL003 CTA2A Advanced  One letter of advice based on a case study of your choice Study Period 2 ATL004 CTA2B Advanced ATL003 CTA2A Advanced Study Mode and Deliverance  Open book exam, when you will re-write your 1x Elective 22 weeks  letter of advice based on a late breaking fact. Study Period 3 1x Elective ATL004 CTA2B Advanced  Face-to-face or distance study 2016 Sessions/Teleconference  Group discussions every 3 – 6 weeks  Tax professionals specialised in the subject Year 2  Read the papers provided in the recommended (Subject to Availability) readings CTA3 Advisory CTA3 Advisory  Attempt a solution by making notes on the ways (Outside of the Graduate Diploma of Applied Tax Law, (Outside of the Graduate Diploma of Applied Tax Law, you would arrive at recommendations to a client Study Period 1 receives exemption for 1 elective) receives exemption for 1 elective) Obtain Graduate Diploma of Applied Tax Law 1x Elective Study Period 2 Study Period 3 1x Elective Obtain Graduate Diploma of Applied Tax Law 3