Announcements

FASEA releases its Relevant Providers Degrees, Qualifications and Courses Standard (Amendment No. 1) Legislative Instrument

Mar 24, 2019

MEDIA RELEASE 25 March 2019

FASEA releases its Relevant Providers Degrees, Qualifications and Courses Standard (Amendment No. 1) Legislative Instrument 

FASEA has today released its Relevant Providers Degrees, Qualifications and Courses Standard (Amendment No. 1) Legislative Instrument for consultation.

The Legislative Instrument is updated with additional information from higher education providers on their historical degrees and as well extends the range of approved historical programs.

It also includes the first approved recognition of prior learning (RPL) for education undertaken to attain a professional designation.  The FPA’s 5 unit Certified Financial Planner (CFP) program (commencing Semester 2, 2003) has been assessed pursuant to FASEA’s program and provider accreditation policy and as a result Financial Advisers/Planners who have completed this program will receive two credits for the appropriate existing adviser pathways set out in FASEA’s Education Standard.

FASEA has also worked with higher education providers to enhance information on historical degrees, and with industry associations to review potential recognition of learning opportunities following on from queries and information received from industry.

The package includes the amendment to the Determination and Explanatory Statement which are released for public consultation.  All feedback and submissions on this Amendment No.1 Legislative Instrument can be submitted through FASEA’s dedicated consultations email consultation@fasea.gov.au by 1 April 2019.

The legislative instrument and explanatory statement can be viewed here

“We welcome stakeholder feedback as we continue to update FASEA’s approved list for the education standard, and all feedback will be carefully reviewed prior to making of the legislative instrument and release of the explanatory statement” FASEA Chief Executive Stephen Glenfield said.

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.