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 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...

FASEA approves Securities Institute Australia 8 unit Diplomas for 2 credits RPL

MEDIA RELEASEFASEA advises that it has approved the following Securities Institute Australia 8 unit Diplomas for 2 credits recognition of prior learning:Securities Institute Education Diploma (Diploma of Financial Advising)Securities...

FASEA Welcomes New Directors

MEDIA RELEASE 11 April 2019 FASEA Welcomes New Directors The Financial Adviser Standards and Ethics Authority (FASEA) notes the Government’s announcement of the appointment of Elissa Freeman and Louise Lakomy to the Board effective 11...

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.