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FASEA releases Standards Blueprint

MEDIA RELEASE 16 November 2018 FASEA releases Standards Blueprint   The Financial Adviser Standards and Ethics Authority (FASEA) has today released details of its revised standards framework for financial advisers following stakeholder consultation. Approximately 800 submissions were received during the consultation process. FASEA has taken time to listen, analyse and ...

FASEA releases Provisional Relevant Provider Term Legislative Instrument

MEDIA RELEASE 16 November 2018 FASEA releases Provisional Relevant Provider Expression Legislative Instrument   FASEA has today released its legislative instrument for the provisional relevant provider term for consultation. The term has been developed for consumers to identify a provisional relevant provider undergoing their work and training (professional year) requirement ...

FASEA releases Work and Training (Professional Year) Legislative Instrument

MEDIA RELEASE 16 November 2018 FASEA releases Work and Training (Professional Year) Legislative Instrument   FASEA has today released its legislative instrument for work and training (professional year) standard for consultation. The legislative instrument was informed from consultation received through 24 formal submissions during FASEA’s consultation process for this standard ...

Guidance Note – Approved Courses and Programs

Guidance Note – Approved Courses and Programs Following a number of queries from market participants, FASEA has obtained confirmation from several education providers that they recently released materials that incorrectly indicated they had FASEA approved courses and programs.  This documentation has been recalled and those in direct receipt of this information have been ...

Transition to New CEO

Transition to New CEO   The Standards Authority welcomes Dr Mark Brimble extending his tenure as interim managing director until 1 September, allowing a smoother transition to the commencement of new FASEA Chief Executive Stephen Glenfield. Mr Glenfield has confirmed his start date of late August in the new role.

Clarification: Foreign Qualification assessment process – incorporating the NOOSR move to Department of Education

Clarification: Foreign Qualification assessment process – incorporating the NOOSR move to Department of Education   The Standards Authority clarifies that under its current draft guidance for Foreign Qualification assessment, individuals with qualifications gained outside Australia will need to obtain an assessment from the Department of Education and Training (DET). This ...

A further update on Standards Authority consultations

The Standards Authority conducted three consultation forums with key stakeholders in July 2018. The events included licensees, educators and industry associations to canvass a wide range of views around the range of draft standards that FASEA has recently released for consultation. The series of forums asked for stakeholder feedback around ...

FASEA releases draft Foreign Qualifications guidance

FASEA releases draft Foreign Qualifications guidance   The Standards Authority is today releasing draft guidance around education pathways for new and existing financial advisers with Foreign Qualifications. The guidance outlines the proposed process for those with educational qualifications obtained outside Australia to get these qualifications approved by the Standards Authority ...

FASEA releases draft Continuing Professional Development guidance

FASEA releases draft Continuing Professional Development guidance   The Standards Authority is today releasing guidance around Continuing Professional Development (CPD) for providers, which outlines the proposed learning requirements required to be completed each year. The proposed approach to CPD aims to ensure that providers participate in development programs and activities ...

FASEA releases draft Provisional Relevant Provider Term guidance

FASEA releases draft Provisional Relevant Provider Term guidance   The Standards Authority is today releasing guidance around the Provisional Relevant Provider Term, which refers to the 12 month period when a new financial adviser is undertaking their Professional Year work and training requirements. The Provisional Relevant Provider Term is an ...

FASEA releases draft Professional Year guidance

FASEA releases draft Professional Year guidance   The Standards Authority is today releasing proposed guidance on the incoming Professional Year (PY) requirement for provisional relevant providers. The PY is an essential component of FASEA’s educational qualifications and standards framework that all new industry entrants will be legally required to undertake ...

An update on FASEA consultations

The Standards Authority conducted three consultation events with key stakeholders during June 2018. The first of these events was a Consumer representative forum to canvas a wide range of views around the consultation process for its standards framework primarily focused on the code of ethics, education pathways. The other two ...