Consultation on Standards

Recent consultations

Relevant Providers Exam Draft Legislative Instrument

Relevant Providers Exam Draft Legislative Instrument This consultation process has now been completed14/12/2018 - 04/01/2019 CONSULTATION CLOSED Under the standard, Relevant Providers and Provisional Relevant Providers will undertake a 3.5 hour (including...

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Final Foreign Qualifications Policy

This consultation process has now been completed22/11/2018 - 14/12/2018 CONSULTATION CLOSED Foreign Qualifications Policy The policy contemplates a 2 step approach: an assessment by a Department of Education and Training (DET) approved body, for example the Chartered...

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Over the course of 2018 FASEA released consultation documents for all the standards as detailed in the table below. Each had a timeframe for providing written submissions and there was also a consultation email address that received over 400 additional responses from individuals. Additionally, 10 consultation forums and workshops were run with over 170 participants from various stakeholder groups.

StandardReleaseClose of consultationNo. of written submissions
Code of Ethics20 March 20181 June 201837
Education Pathways20 March 201829 June 2018150
Examination11 July 201831 July 201867
Professional Year23 July 201815 August 201824
PRP Term23 July 201815 August 201814
Foreign Qualifications23 July 201831 August 201812
CPD24 July 201831 August 201835

Following the initial consultation process, FASEA released for further consultation the Legislative Instruments (LI), Explanatory Statements (ES) and Policy Statements for each of the Standards as appropriate prior to the registration of the Legislative Instruments and Explanatory Statements in the Federal Register of Legislation, as detailed in the table below:

StandardConsultation PeriodNo. of written submissionsLI & ES Registered
Code of Ethics21 November – 19 December 20182011 February 2019
Education Pathways20 November 2018 – 14 December 20189224 December 2018
Examination14 December 2018 – 11 January 2019266 February 2019
Work & Training (Professional Year)16 November 2018 – 30 November 20181319 December 2018
PRP Term16 November 2018 – 30 November 2018917 December 2018
Foreign Qualifications22 November 2018 – 14 December 20188N/A
CPD22 November 2018 – 7 December 20182420 December 2018

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.