Preparing for the Examination

The purpose of the examination is to assess your competencies as a new entrant undertaking your Professional Year or as an existing Financial Adviser. The examination has been designed to reflect the competencies required to provide quality personal financial advice to retail clients by assessing the following knowledge areas:

  1. Financial Advice Regulatory and Legal requirements (including Corporations Act chapter 7, AML, Privacy and Tax Agents Services Act (TASA) 2009)
  2. Financial Advice Construction – suitability of advice aligned to different consumer groups, incorporating consumer behaviour and decision making
  3. Applied ethical and professional reasoning and communication – incorporating FASEA Code of Ethics and Code Monitoring Bodies

FASEA provides suggested reading material and practice questions to help you prepare for the exam.

If you are visually impaired and require an accessible version of the practice material, please email: faexam@acer.org

Exam Preparation Guide

Curriculum and Reading List to help you prepare for the exam

Exam Practice Questions

Exam Questions to help you practice

Exam Candidate Video

Information video to guide you on what to expect on the day

FAQs

Exam section

Register with ACER to sit the Exam

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.