The Institute is introduced changes to certificates of public practice (CPPs), effective from Tuesday, 1 July 2008. 
 
These changes meant a reduction in administrative red tape for members. However, for some members, there were some new obligations as well. 
 
How does this affect you? 
The quick, easy way to find out if you need a CPP is to use the new interactive guide. You should complete this, print out the result and then send this to the Institute. 
 
What were the changes?

• Some members now require a CPP, when they did not previously. Similarly, some members who previously required a CPP, no longer do so
 

• 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 are asked to notify the Institute if they are one of the following:
• An Australian Financial Services Licence representative
 

• An Australian Financial Service Licence authorised representative
 

• A holder of a statutory registration who does not offer the services that are detailed in the registration
After this initial notification, we will simply ask this question in the annual membership subscription form.  

• 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)
 

• If you hold a CPA Australia practising certificate, you may qualify for an exemption from the Institute CPP
 

• The Institute regulations now include commentary, so that you can easily identify whether you require a CPP.

• Frequently asked questions
 

• CPP notification Form
 

• CPP application form
 

• CPP cancellation/downgrade form
 

• CPP Exemption Form
 

• CPP Upgrade Form
 

• Regulation 4 Operative 1 July 2008 is available in the current Members Handbook

• Public Practice Program
 

• Professional indemnity insurance
 

• Professional liability cap
 

• Quality Control Guide