Continuing Professional Development Standard

The Continuing Professional Development Standard commenced on 1 January 2019. From this date all Financial Advisers are required to participate in development programs and activities that ensure they maintain and extend their professional capabilities, knowledge and skills including keeping up to date with all regulatory, technical and other developments relevant to professional financial advice.

Financial advisers are required to complete 40 hours of CPD each year of which 70% must be approved by their licensee (including a maximum 4 hours of professional reading). The minimum hours for CPD across the mandatory categories are:

  • Technical – 5 hours
  • Client Care and Practice – 5 hours
  • Regulatory Compliance and Consumer Protection – 5 hours and
  • Professionalism and Ethics – 9 hours

The balance up to 40 hours must consist of qualifying CPD.

Transition arrangements for 2019 will be on a pro-rata basis for licensees whose CPD year does not commence on 1 January 2019.

CPD Policy

CPD Requirements

CPD Log Book template

Guide to a CPD Log book template

CPD Legislative Instrument & Explanatory Statement

FAQ’s

FASEA Director Resignation – Ms Catriona Lowe

The Financial Adviser Standards and Ethics Authority confirms the resignation of Catriona Lowe as a director of the Standards Authority, effective January 31 2020. Catriona has been appointed to a full-time role as a State/Territory...

FASEA RELEASES PRELIMINARY RESPONSE TO SUBMISSIONS ON THE CODE OF ETHICS GUIDANCE

MEDIA RELEASE FASEA released FG002 Financial Planners and Advisers Code of Ethics 2019 Guidance document (the guidance) on the 18th October 2019. During November 2019 and December 2019, FASEA undertook broad stakeholder consultation on...

FASEA Welcomes New Director

MEDIA RELEASE The Financial Adviser Standards and Ethics Authority (FASEA) notes the Government’s announcement of the appointment of Will Hamilton to the Board effective 9 December 2019. On behalf of the FASEA Board, Chair Catherine...

FASEA releases draft Relevant Providers Degrees, Qualifications and Courses Standard 2019 Legislative Instrument

MEDIA RELEASE FASEA has today released draft Relevant Providers Degrees, Qualifications and Courses Standard 2019 Legislative Instrument (the 2019 determination) and Explanatory Statement for consultation. The draft 2019 determination...

FASEA releases September Exam Results

FASEA today released exam results from the second Financial Adviser Exam held in September 2019.  Result highlights include: the exam was held in 8 metropolitan and 7 regional centres across Australia from 19 September to 23 September...

Update to Code of Ethics Guidance Release

Consultation Period Further to the recent (18 October 2019) release of FG002 Guidance to the Code of Ethics, the Financial Adviser Standards and Ethics Authority wishes to confirm the first consultation with designated representatives of...

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.