Financial Adviser Standards and Ethics Authority

The Corporations Amendment (Professional Standards of Financial Advisers) Act 2017 established the Financial Adviser Standards and Ethics Authority (FASEA) in April 2017, to set the education, training and ethical standards of licensed financial advisers in Australia.

The new requirements commenced on 1 January 2019.

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New Entrants are required to hold an Approved Degree before they commence their Work and Training (Professional Year) requirement. They must be mid way through their Professional Year before they are eligible to sit the Financial Adviser exam and commence using the term Provisional Financial Adviser or Provisional Financial Planner.

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The annual requirement for 40 hours Continuous Professional Development commenced on 1 January 2019. Provisional Financial Advisers will be required to undertake CPD after completion of their Professional Year.

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Existing Advisers have until 1 January 2021, to pass the Financial Adviser Exam and until 1 January 2024, to reach an education standard equivalent to an Approved Degree.

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The Code of Ethics will commence on 1 January 2020, with all Financial Advisers required to adhere to the Code from that day onwards.

New Entrant

I would like to enter the financial advice industry and want to know where to start

Existing Adviser

I am an Existing Adviser and want to know what I need to do to meet the standards

Higher Education Providers

I am a Higher Education Provider looking to offer accredited courses

FASEA Standards

View details of FASEA’s standards for New Entrants and Existing Financial Advisers

FASEA approves education credits for CIMA and CFA coursework to attain a Professional Designation

MEDIA RELEASE The Standards Authority has approved applications for the recognition of coursework to attain a professional designation from the Portfolio Construction Forum and CFA Societies Australia as part of its education standards...

FASEA Approves Three Bridging Courses for Queensland University of Technology

MEDIA RELEASE FASEA has today confirmed its approval of three bridging courses for Queensland University of Technology. The bridging courses are available for existing advisers to meet the Education Standard. FASEA’s review of the courses...

FASEA releases June Exam Results

MEDIA RELEASE FASEA today released exam results from the inaugural Financial Advisers Exam. Result highlights include: the exam was held in nine centres across Australia from 20 June to 24 June 579 advisers sat the exam the exam was...

FASEA announces regional locations for December exam sitting

MEDIA RELEASE FASEA has confirmed 10 regional locations for the December exam sitting to provide advisers across Australia with opportunities to sit the exam at many geographical locations. In addition to the 8 metropolitan locations...

Update from FASEA on the Financial Adviser Examination

MEDIA RELEASE FASEA has been working with ACER to ensure the exam registration process is streamlined, accessible and effective and exam sitting opportunities are optimised. Marking and Results of June Exam Results for the inaugural FASEA...

FASEA approves education credits for CPA and CAANZ coursework to attain a Professional Designation

MEDIA RELEASE The Standards Authority has today approved applications for the recognition of coursework to attain a professional designation from the Certified Practicing Accountants (CPA) and Chartered Accountants Australia and New...

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The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to set the education, training and ethical standards of financial advisers in Australia.

 

 

The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to set the education, training and ethical standards of financial advisers in Australia.