The Institute is introducing changes to Certificates of Public Practice (CPPs), effective from Tuesday, 1 July 2008. 
 
To help members clarify whether they require a CPP, a new interactive guide is available online.  
 
What are the main changes?

• Some members now require a CPP, when they did not previously. Similarly, some members who previously required a CPP, no longer do so. Members can use an interactive guide to clarify their position
• The Quality Review Program will continue to focus on members holding a CPP, but will now place reliance on members’ licensing obligations and the quality control procedures they have in place under the financial services legislation
• Members who are: 
   
  
  • An Australian Financial Services Licence representative
  • An Australian Financial Services Licence authorised representative
  • A holder of a statutory registration who does not offer the services that are detailed in the registration
   
  are not required to apply for a CPP in respect of that qualification, but must notify the Institute of their status using this interactive guide

• Many members will now pay less for their CPP. The thresholds for the concessional nil rate will increase from $2000 to $7500, and the one-third rate will remain for members earning less than $25,000 ($50,000 for retired members) cancellation/upgrade form
• If members hold a CPA Australia practising certificate, they may qualify for an exemption from the Institute CPP using this exemption form

• The Institute: Interactive CPP guide
• The Institute: CPP web page
• The Institute: CPP frequently asked questions
• The Institute: CPP application form
• The Institute: Public Practice Program