Consultation on Standards
Recent consultations
Draft Degree, Qualifications and Courses Determination Amendment
Relevant Providers Degrees, Qualifications and Courses Standard 2020 Proposed 2021 Amendments Consultation Period 19/07/2021 - 30/07/2021 CONSULTATION OPEN This consultation process is now open for the draft amendments to the Corporations (Relevant Providers Degrees,...
Draft Exam 3 Month Registration Requirement Relief Amendment
Financial Adviser Exam Consultation Period 14/07/2021 - 28/07/2021 CONSULTATION OPEN FASEA set the Exam standard in the Corporations (Relevant Providers Exam Standard) Determination 2019. FASEA proposes relief from the 3 month registration requirement for November...
FASEA releases Draft Financial Planners & Advisers Code of Ethics 2019 Guide
Draft Financial Planners & Advisers Code of Ethics 2019 Guide for Consultation CONSULTATION PERIOD 5/10/2020 - 2/11/2020 CONSULTATION CLOSED This consultation process is now closed for the Draft Financial Planners & Advisers Code of Ethics 2019 Guide. The...
FASEA releases draft Relevant Providers Degrees, Qualifications and Courses Standard 2020 Amendments
Relevant Providers Degrees, Qualifications and Courses Standard 2020 Proposed Amendments CONSULATION PERIOD 2/09/2020 - 16/09/2020 CONSULTATION CLOSED This consultation process is now open for the draft amendments to the Corporations (Relevant Providers Degrees,...
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.
| Standard | Release | Close of consultation | No. of written submissions |
|---|---|---|---|
| Code of Ethics | 20 March 2018 | 1 June 2018 | 38 |
| Education Pathways | 20 March 2018 | 29 June 2018 | 150 |
| Examination | 11 July 2018 | 31 July 2018 | 67 |
| Professional Year | 23 July 2018 | 15 August 2018 | 24 |
| PRP Term | 23 July 2018 | 15 August 2018 | 14 |
| Foreign Qualifications | 23 July 2018 | 31 August 2018 | 12 |
| CPD | 24 July 2018 | 31 August 2018 | 35 |
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:
| Standard | Consultation Period | No. of written submissions | LI & ES Registered |
|---|---|---|---|
| Code of Ethics | 21 November – 19 December 2018 | 17 | 11 February 2019 |
| Education Pathways | 20 November 2018 – 14 December 2018 | 92 | 24 December 2018 |
| Examination | 14 December 2018 – 11 January 2019 | 26 | 6 February 2019 |
| Work & Training (Professional Year) | 16 November 2018 – 30 November 2018 | 13 | 19 December 2018 |
| PRP Term | 16 November 2018 – 30 November 2018 | 9 | 17 December 2018 |
| Foreign Qualifications | 22 November 2018 – 14 December 2018 | 8 | N/A |
| CPD | 22 November 2018 – 7 December 2018 | 24 | 20 December 2018 |
FASEA undertakes ongoing consultation with key stakeholders, as detailed in the table below:
:
| Standard | Consultation Type | Consultation Period | No. of written submissions |
|---|---|---|---|
| Code of Ethics | Guidance | 18 October 2019 to 10 December 2019 | 18 |
| Education | Legislative Instrument Amendment No. 1 | 2 September to 9 September 2020 | 6 |
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.