Announcements

FASEA Approves Higher Education Graduate Diplomas and Bridging Courses

Jun 13, 2019

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 review of the courses follows an application from each of the Higher Education Providers listed below. The approval is recognition of the alignment of the listed programs and courses with FASEA’s required curriculum and standards.

The Graduate Diplomas and Bridging Courses are requirements for existing advisers to meet the education standard across the existing adviser pathways as defined in FPS001 Education Pathways Policy.

FASEA has approved current and historical Graduate Diplomas and Bridging Courses for the following Higher Education Providers:

Higher Education Provider Current
Graduate Diploma
Historical Graduate Diploma Bridging Courses
Australian Catholic University  
Central Queensland University  
Charles Sturt University  
Deakin University
Griffith University
Kaplan Higher Education
Queensland University of Technology    
Swinburne University  
TAFE NSW Higher Education   
University of Newcastle    
University of New England
University of South Australia  
University of Sunshine Coast    
University of Technology Sydney  
Western Sydney University

“The release of the approved list of Bridging Courses and Graduate Diplomas gives advisers a clear pathway to meet the education standard by 1 January 2024,” FASEA Chief Executive Officer Stephen Glenfield said.

The approval of the above courses concludes a significant number of accreditation applications received by FASEA. These courses and degrees will be added to FASEA’s Degree, Qualifications and Courses legislative instrument.

FASEA is committed to continuing to assess any further applications received from Higher Education Providers in respect of courses to meet FASEA’s education standard. The full list of FASEA approved degrees, Bridging Courses and Graduate Diplomas is available on the FASEA website (link).

BACKGROUND

Section 921U (2) (a) (i) of the Corporations Act 2001 (the Act) requires FASEA to approve bachelor or higher degrees, or equivalent qualifications that relevant providers are required to complete under Section 921B(2)(a) of the Act.

Existing advisers must have done either of the following by 1 January 2024:

  1. met the education and training standard in subsection 921B(2); or
  2. completed one or more courses determined by the standards body to give the provider qualifications equivalent to that standard

Existing advisers with an approved degree
Existing advisers with a FASEA approved degree are required to complete FASEA’s Ethics for Professional Advisers bridging course to meet the Education Standard.

Existing advisers with non-approved degrees
Existing advisers who hold a relevant degree, will be required to undertake 4 courses consisting of:

  • Financial Advice Regulatory & Legal Obligations bridging course
  • Ethics for Professional Advisers bridging course
  • Behavioural Finance: Client and Consumer Behaviour, Engagement and Decision Making bridging course; and
  • FASEA approved unit (Financial Advice Capstone subject)

Existing advisers who hold a non-relevant degree will be required to complete seven courses towards a FASEA approved Graduate Diploma.

Existing advisers who do not have a degree will need to complete a FASEA Approved Graduate Diploma.

Depending on other coursework completed, recognition of prior learning credits may be available for study required to meet the Education Standard.

 

 

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.