Foreign Qualifications Standard

A Foreign Qualification is a Bachelor or higher degree or an equivalent qualification that was awarded by a Higher Education Provider outside Australia. 

This Standard describes the requirements for those individuals who have obtained their qualification outside Australia who are required to apply in writing to FASEA for their foreign qualification to be approved to determine whether they meet the education standard.

FASEA will approve the qualification if satisfied that the foreign qualification gives the person qualifications equivalent to a degree or qualification approved by FASEA for the purposes of meeting the education standard under section 921B(2)(a).

The policy contemplates a 2 step approach:

  1. An assessment by a Department of Education and Training (DET) approved body. This will assess whether the foreign qualification is equivalent to a bachelor or higher degree that meets the Australian Qualifications Framework (AQF) standard; and
  2. An assessment by FASEA as to the equivalence of the foreign qualification to a degree or qualification approved under FPS001 Education Pathways Policy.

Upon receipt of a certified copy of an academic transcript of the individual’s qualifications and a certified copy of the DET assessment from the DET approved body, FASEA will approve or refuse the foreign qualification and may specify additional courses for the new entrant or existing adviser (in accordance with s921V and s1546A of the Corporations Act 2001).

FASEA approved Foreign Qualifications will be added to FASEA’s Foreign Qualification Precedent Database.

Foreign Qualification Policy

FASEA’s Requirements for your Foreign Qualification

DET Approved Providers

Details for organisations that can assess Foreign Qualification

Apply for Foreign Qualification Assessment

Apply to have your Foreign Qualification Assessed by FASEA

FAQ’s

Frequent Questions regarding Foreign Qualifications

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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.