Continuing Professional Development Draft Legislative Instrument

This consultation process has now been completed
22/11/2018 – 07/12/2018

CONSULTATION CLOSED

FASEA proposes advisers are required to complete 40 hours of CPD each year of which 70% will need to be approved by the licensee (including a maximum 4 hours of professional reading). The minimum hours for CPD 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 will consist of qualifying CPD.

Transition arrangements for 2019 will be on a pro-rata basis for licensees whose CPD year is not a calendar year.