Nearly 600 advisers sat the June FASEA exam in 38 sessions across 9 geographies and results are expected by mid August. September exam registration opens on 12 August 2019.

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 releases online Education feedback services

MEDIA RELEASE The Corporations Act 2001 requires all advisers to complete a bachelor or higher degree, or equivalent qualification, approved by FASEA. FASEA has previously issued its education pathways policy detailing the various...

FASEA approves education credits for AFA and SMSFA coursework

MEDIA RELEASE The Standards Authority has today confirmed the recognition of coursework from the Association of Financial Advisers (AFA) and Self-Managed Super Fund Association (SMSFA) as part of its education standards for financial...

FASEA Approves Higher Education Graduate Diplomas and Bridging Courses

MEDIA RELEASE The Standards Authority has today confirmed its approval of a first round of Graduate Diplomas and Bridging Courses from select Higher Education Providers as part of its education standard for financial advisers. FASEA’s...

FASEA opens Foreign Qualifications Assessment Service

MEDIA RELEASE 22 May 2019 To meet the education and training standards of the Corporations Act, financial advisers holding a foreign qualification are required to apply to FASEA for approval of their qualification. FASEA has today...

Advisers invited to register for FASEA exam

MEDIA RELEASE Registrations are open from today until May 31, 2019 for financial advisers (new entrants and existing) to notify their intention to sit the FASEA exam. “The opening of registrations for the exam is a significant...

Update: Graduate Diploma and Bridging Course Accreditation

MEDIA RELEASE FASEA advises that no approvals have yet been made in relation to the applications it has received from Higher Education Providers for the provision of Graduate Diplomas and Bridging Courses. Further, FASEA wishes to advise...

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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.