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MEDIA RELEASE

15 March 2019

FASEA releases Program & Provider Accreditation Policy

FASEA has released its final FPS002 Program & Provider Accreditation Policy.

The policy was informed through stakeholder consultation and two pilot accreditations conducted at Higher Education Providers (HEPs).

The policy provides guidance to HEPs and Professional Associations on the approval requirements for a range of education pathways in the FASEA Education Pathways Policy FPS001 including:

  • Bachelor Degrees
  • Graduate Diplomas
  • Masters Degrees
  • Bridging Courses and
  • Credit for recognition of prior learning (RPL) in respect of education undertaken to obtain a relevant professional designation

FASEA will now accept applications for accreditation from HEPs with priority of assessment given to applications for Graduate Diplomas and Bridging Courses.

FASEA will assess an initial tranche of Graduate Diplomas and/or Bridging Courses pursuant to the requirements in FPS002 Accreditation Policy for HEPs who submit an application by 12 April 2019. FASEA will undertake an initial review of applications and advise if further information is required. Compliant applications will be assessed within approximately eight weeks of receipt and notification of outcomes will be advised to all HEPs at the same time and entered on the FASEA website.

FASEA will periodically register amended Degrees, Qualifications and Courses Legislative Instruments updated to include the accreditation of additional approved degrees, courses and education approved for RPL as well as amendments to existing approved programs and courses.

The final FPS002 Program and Provider Accreditation Policy can be viewed here.

“We thank stakeholders for their constructive feedback during development of this Policy. We look forward to assessing relevant degrees, diplomas and courses to be offered to financial advisers by Higher Education Providers. This will assist financial advisers in satisfying their education requirements under the Corporations Act 2001”, said Stephen Glenfield, FASEA CEO.

Potential applicants should email FASEA at accreditations@fasea.gov.au to obtain Accreditation Guidelines and templates.