Relevant Providers PASS the Exam (as at July 2021 sitting)

14,070 active – that’s 73% on the
Financial Adviser Register.

Bachelor or Higher Degrees Approved

Across 27 Providers giving
Advisers greater choice.

New entrants registered as started their Professional Year

The Financial Advice Profession is being seen as an attractive career option.

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 2022, to pass the Financial Adviser Exam and until 1 January 2026, 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 releases consultation – Financial Planners & Advisers Code of Ethics 2019 – Standard 3

MEDIA RELEASE Pursuant to its obligations under section 921U(2)(b) the Corporations Act (2001), (the Act), FASEA in February 2019 made, via a legislative instrument, the Financial Planners & Advisers Code of Ethics 2019. (the Code)....

Over 16,850 pass the Financial Adviser Exam

MEDIA RELEASE FASEA today released exam results from the 14th Financial Advisers Exam held in September 2021. Result highlights include: Over 16,850 advisers have passed the adviser exams held to date. Of those who have passed: Over...

Financial Advisers raising education standards

MEDIA STATEMENT FASEA has today released a statement here highlighting strong progress by financial advisers in raising their education levels. Key highlights of the release include: 180% increase in FASEA approved university level course...

FASEA approves Courses offered by Victoria University

MEDIA RELEASE FASEA has today confirmed the approval of a new Graduate Diploma of Financial Planning offered by Victoria University.  Advisers who complete this course of study will meet the education standard. In addition, FASEA approves...

Over 16,000 pass the Financial Adviser Exam

MEDIA RELEASE FASEA today released exam results from the 13th Financial Advisers Exam held in July 2021. Result highlights include: Over 16,030 advisers have passed the adviser exams held to date. Of those who have passed: 14,070 are...

FASEA releases Corporations (Relevant Providers Exams Standard) (Amendment No. 1) Determination 2021

MEDIA RELEASE FASEA has registered the Corporations (Relevant Providers Exams Standard) (Amendment No. 1) Determination 2021 on the Federal Register of Legislation. The Determination was informed through 8 formal submissions during...

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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.