Consultation on Standards
Recent consultations
Draft Continuing Professional Development 3 Month Relief Amendment
Continuing Professional Development Consultation Period 29/06/2020 - 1/07/2020 CONSULTATION CLOSED FASEA set the CPD standard in the Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018. FASEA has recognised the need to...
2019 Legislative Instrument for Relevant Providers Degrees, Qualifications and Courses Standard
Relevant Providers Degrees, Qualifications and Courses Standard 2019 Legislative Instrument CONSULTATION CLOSED 2/12/2019 - 9/12/2019 This consultation process is now open for the draft Relevant Providers Degrees, Qualifications and Courses Standard 2019...
Draft Legislative Instrument for Relevant Providers Degrees, Qualifications and Courses
Draft Relevant Providers Degrees, Qualifications and Courses Standard(Amendment No. 1) Legislative Instrument This consultation process has now been completed25/03/2019 - 01/04/2019 CONSULTATION CLOSED Section 921U (2) (a) (i) of the Corporations Act 2001 (the Act)...
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...
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.