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1 INFORMED INVOLVED IN TUNE IN THE LOOP JOIN IN STUDENT MEMBERSHIP The key to a rewarding career in tax taxinstitute.com.au

2 Tax is a dynamic profession, affecting everyone from government and large corporations to small business and individuals. To provide great advice, tax practitioners must remain up to date with the changing tax landscape. 2 - THE TAX INSTITUTE - Student membership

3 ABOUT THE TAX INSTITUTE Our focus is our core strength The Tax Institute is Australia s only member-based professional association devoted exclusively to tax professionals. In fact, The Tax Institute is actively involved in helping governments shape our nation s tax system through industry leadership and by providing advice on tax policy and initiatives. Our members include accountants and lawyers from the big four, midtier and small practices, corporations and government, as well as renowned academics. International recognition The prestigious and globally recognised Chartered Tax Adviser (CTA) designation is the highest membership category and considered the pinnacle of the tax profession. It is recognised internationally and highlights the reputation of those designees as tax professionals of the highest calibre. This designation provides access to international opportunities that were previously unattainable in Australia for tax professionals. Employer s choice Employers choose Tax Institute members when recruiting due to the knowledge they obtain from the tools and resources provided through their membership. Consumer s choice Tax Institute members are considered the smartest choice by consumers for all tax-related services. Being at the forefront of tax, we work with members and give them the tools to provide best practice service to clients. Today we are Australia s leading educator and professional association in tax. THE TAX INSTITUTE - Student membership - 3

4 WHY CHOOSE A CAREER IN TAX? Tax is a career on the rise The Tax Institute is Australia s only member-based professional association devoted exclusively to tax professionals. Tax affects everyone. It is part of government, business and indeed everyday life and that s not about to change. That s why intelligent and experienced tax professionals are always highly sought after. Tax professionals enjoy complex problem-solving and technical calculations, applying changing legislation, tackling strategic planning issues, developing information management systems, and leading teams in developing creative ways to solve client problems. Rewarding in every way, a career should be: Professionally rewarding: develop a large range of practical business, tax technical and problem solving skills that you will use throughout your growing career. Tax can be an exciting blend of law, accountancy and business administration it is highly respected in business and provides real job security. Financially rewarding: as specific specialists in their field and because of their extra training and capabilities, tax professionals are financially rewarded. Make your career pay as you go. Personally rewarding: each year, there is a change to the tax system with the implementation of a new Budget as well as ongoing systemic changes. Learning and applying new skills makes for a rewarding work life. Focusing solely on tax, the Institute provides the best resources, education and networks. 4 - THE TAX INSTITUTE - Student membership

5 Tax can be complex and is continuously evolving, so a career in the tax profession is an exciting path to choose. THE TAX INSTITUTE - Student membership - 5

6 WHY BECOME A STUDENT MEMBER OF THE TAX INSTITUTE? Give yourself the edge Your degree doesn t exactly open every door. It really just puts you on the path. From here on, the journey is about making the right choices, working with the right companies, and absorbing the expertise of industry professionals. And it s about gaining the professional edge that will help you secure a strong place in business. That s where The Tax Institute comes in. Stand out Student membership of The Tax Institute shows employers that you are serious about a career in tax, helping you to stand out from the rest. FREE STUDENT MEMBERSHIP The Tax Institute offers FREE student membership and a unique opportunity to access the most current developments within the tax field. As you progress in your studies and experience, and increase your membership level with The Tax Institute, you will demonstrate that you have the mark of expertise, assuring clients and employers that they are dealing with a tax practitioner with the highest ethical and technical standards. 6 - THE TAX INSTITUTE - Student membership

7 WHAT BENEFITS DO YOU ENJOY? Student membership opens doors Unlock your career Gain status and recognition by being part of the leading body of tax professionals and opening doors to career opportunities. Online resources The Tax Institute website is a useful resource when preparing assignments and conducting research. It includes breaking daily news and updates, access to cases, rulings, legislation, seminar and convention papers, submissions on tax policy, administration and technical matters, archives of articles from Institute journals, and updates on offers and events. TaxCareers Online job posting service. A powerful career tool and a direct link to opportunities within the tax profession. It brings together employers and job seekers Australia-wide. ConTax Quarterly student e-newsletter with various helpful information, including access to previous and sample exam questions to give you the edge when preparing for exams. Taxation in Australia journal (online access) Australia s leading monthly tax journal. Written by practitioners, it includes the latest tax news, rulings, ATO developments, product information and handy tips. TaxVine e-newsletter (online) An informative weekly e-newsletter with a helpful overview of the latest tax news and technical updates. Discounts Significantly discounted rates to attend The Tax Institute seminars and events delivered by experts in the field. You will also receive discounts on online resources, publications and books. Networking opportunities Enjoy networking with influential figures in the taxation profession as well as fellow students, prospective employers and future colleagues. Networking is an important part of sharing tax knowledge and gaining a better understanding of how tax issues are managed across the profession. Please visit taxinstitute.com.au for further details. THE TAX INSTITUTE - Student membership - 7

8 CTA1 FOUNDATIONS Your link between academic studies and workplace practice CTA1 Foundations offered by The Tax Institute is an introductory subject providing you with a vital link between your academic studies and workplace practice. By completing the CTA1 Foundations subject I was able to gain exposure to various tax issues which I would not normally deal with in my day-to-day role as a specialist in employment taxes. Gary Matthews, ATI Senior Tax Manager, Pitcher Partners Establish your career in tax Essential for all new entrants to the Australian tax profession, the subject builds a solid career foundation through hands-on training, and provides a pathway into the Graduate Diploma of Applied Tax Law. Developed and delivered by experienced tax practitioners Highly regarded by employers, CTA1 Foundations provides you with a working knowledge of the tax compliance requirements of the Australian tax system, and other key principles and processes, which are required to be successful in the tax profession and an asset to you firm. 8 - THE TAX INSTITUTE - Student membership

9 CTA1 FOUNDATIONS Increase workplace productivity by undertaking everyday tax compliance tasks What will you learn? On completion of CTA1 Foundations, you will be able to: complete simple tax returns for individuals, partnerships, trusts and companies identify and apply relevant tax legislation and guidelines in common circumstances complete PAYG and BAS statements in order to register as a BAS agent interpret the tax consequences of business structures understand the compliance responsibilities of a tax agent calculate and explain the impact of CGT and GST on individuals and businesses. Career outcomes The career opportunities following the CTA1 Foundations include, but are not limited to: accountant bookkeeper/bas Agent cadet/graduate/trainee accountant consultant financial planner graduate lawyer tax analyst pathway to tax agent. Graduate Diploma of Applied Tax Law The Graduate Diploma of Applied Tax Law utilises the experience of working tax practitioners to equip you with practical skills that can be immediately applied in the workplace. It will allow you to establish a competitive edge in your career and take on the tasks now required of tax professionals. It is made up of 6 subjects, one of which is the CTA1 Foundations. If you enrol in a single subject you may receive an exemption if you choose to study the Graduate Diploma at a later date. More information For more information on the Graduate Diploma of Applied Tax Law and our education programs, visit taxinstitute.com.au/education or call 1300 TAX EDU ( ). The main advantage of CTA1 Foundations is that candidates are able to obtain a broad understanding of all areas of tax law, including areas that they might not have needed to consider. Cameron Dix Lawyer, Hall & Wilcox Lawyers THE TAX INSTITUTE - Student membership - 9

10 HOW TO GET YOUR CAREER STARTED Tax is a career on the rise 1. Join The Tax Institute as a student member It doesn t cost anything to join, but it may cost you if you don t. Free membership gives you unique access to many services and benefits and the most current developments in the tax field. 2. Enrol in The Tax Institute s CTA1 Foundations Learn key principles and processes required to be successful in the tax profession. 3. Sign up to TaxCareers Visit taxinstitute.com.au/ careers and start using the leading industry online service today. It brings together tax employers and job seekers Australiawide. Use TaxCareers to search for jobs that fit your career goals and qualifications. New jobs are posted daily. It s a powerful career tool and a direct link to opportunities within the tax industry THE TAX INSTITUTE - Student membership

11 FREE STUDENT MEMBERSHIP APPLICATION FORM Student membership is only open to full-time and part-time undergraduates, and full-time postgraduates. I am a full-time undergraduate I am full-time postgraduate I am part-time undergraduate Register Mail GPO Box 1694 Sydney, NSW 2001 Enquiries Fax Telephone For further information, please contact our membership division on Details Name of university: Name of course: Month and year of commencement: Month and year of completion: University student number: Date of birth: (DD/MM/YYYY) Title: (Mr/Miss/Ms/Mrs/Other) First name: Last name: Postal address: Suburb: State: Tel: Postcode: Mobile: Fax: The Tax Institute may, from time to time, provide delegate contact details to its contracted business partners to enable you to take advantage of special offers or access services which may be of interest to you. Please tick this box if you do not wish The Tax Institute to provide your contact details to its contracted business partners for these purposes. Please tick this box if you do not wish to receive marketing s from The Tax Institute. How did you hear about us? University careers fair Lecture/university workshop On-campus activity Tax Institute event Internet Other (please specify) We take your privacy seriously, and our policy can be viewed at taxinstitute.com.au/go/footer/privacy.

12 Level 10, 175 Pitt Street Sydney, NSW 2000 Tel: Fax: For information, please contact our student membership division: 0132MEM_03/15

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