What does ‘demonstrate a satisfactory understanding’ of Australian Company Law and Australian Taxation Law mean?
As a professional accountant working in Australia it is important that you have a good knowledge and understanding of Australian laws. The level of knowledge or competency you need will depend on the work you do, however as a minimum you must have attained at least the level expected of a university graduate. Therefore, the Institute requires applicants to pass subject/s in Australian Company Law and Australian Taxation Law through an accredited Higher Education Provider. These courses can either be undertaken separately or as one unit (depending on your needs). A full list of approved courses can be found on the Institute website within Membership Types/Members of Overseas Accounting Bodies. The list is not exhaustive and if you find alternative formal study in these areas that is more appropriate to your professional needs you can submit course details to the Institute’s Assessment Team requesting that this study be assessed.
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