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 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...

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.