Registrations for September now CLOSED, December registrations for the FASEA Exam remain OPEN, including regional locations

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Update on FASEA Approved Courses

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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

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FASEA releases additional practice questions

FASEA has released additional practice questions to help advisers prepare for the Exam (link). A revised candidate video, providing visibility of exam day registration process and the exam environment is also available (link). For those...
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Director Resignation – Mr Matthew Rowe

The Financial Adviser Standards and Ethics Authority confirms the resignation of Matthew Rowe as a Director of the Standards Authority, effective August 14, 2019. Mr. Rowe is the current CEO and Managing Director of an ASX-listed entity,...
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FASEA approves education credits for FPA coursework to attain a Professional Designation

MEDIA RELEASE The Standards Authority has approved an application for the recognition of coursework to attain a professional designation from the Financial Planning Association (FPA) as part of its education standards for financial...
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FASEA Accreditation Progress Update

As part of its legislative remit, FASEA has reviewed and assessed applications from Higher Education Providers and Professional Associations for approval of Bachelor or higher degrees or equivalent qualifications that relevant providers...
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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...
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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...
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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.