Announcements

FASEA Approves Three Bridging Courses for Queensland University of Technology

Aug 9, 2019

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 follows an application from Queensland University of Technology. The approval is recognition of the alignment of the listed courses with FASEA’s required curriculum and standards.

“The approval of these additional bridging courses builds on the body of courses approved by FASEA and provides additional choice to advisers seeking to meet the education standard by 1 January 2024,” FASEA Chief Executive Officer Stephen Glenfield said.

FASEA has since 2017 approved a wide range of courses that meet required curriculum standards including 66 Historical Courses, 53* current Bachelor or higher degrees and 27 Bridging courses.

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).

For guidance on courses required to meet the Education Standard, Advisers are invited to use the online Education Pathways tool (link) or apply to FASEA using the Australian Qualification Feedback Service (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:

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

The approved bridging courses will be added to FASEA’s Degree, Qualifications and Courses legislative instrument.

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.

*Updated on 21/8/2019

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.