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Note an updated version of this guidance is now available. Please refer to the Standards page for the latest release

Proposed Guidance Release

FASEA releases Proposed Guidance on qualifications pathways for Existing Advisers

Proposed Guidance in Brief

FASEA recognises the importance of providing early guidance to Existing Advisers, to planning for education and compliance goals over the next six years. The proposed guidance states:

The requirement for Existing Advisers to meet their obligation as a relevant provider, is that they have completed, by 1 January 2024, an AQF7 Degree as earlier indicated, or that they have completed, by 1 January 2024, a course that offers at least 8 units/courses, at AQF level 8.

Proposed Consultation

FASEA will seek stakeholder views on the practical application of its proposed guidance. A Consultation Framework will be released in early 2018 - initiating a process that will run until 29 June 2018.

Download detailed guidance proposal for more information.

Notes
  • An 8-unit AQF8 program typically leads to a Post Graduate Diploma (AQF8) qualification outcome and a Post Graduate Diploma typically takes 2 years part-time to complete.
  • Unless an Adviser already holds a formal, approved qualification (i.e. one that is on the FASEA/FPEC approved register), then they are likely to be required to undertake some form of education leading to an AQF7 or AQF8 qualification, and will be required to complete that program before 1 January 2024.