Category Archives: AFA News

FASEA provides CPD deadline extension

AFA News 25 June 2020. We welcome today’s announcement from FASEA on their three-month extension to the CPD deadline. This gives advisers more time, given the challenges of the current pandemic environment, to achieve their CPD targets. This is important and we remind members that advisers who miss their CPD targets must be reported to ASIC and […]

ASIC consults on the ASIC Levy for 2019/20

AFA News 25 June 2020. On 12 June 2020, ASIC issued a draft Cost Recovery Implementation Statement for 2019/20, which sets out the proposed ASIC Levy for the 2019/20 financial year, which would normally be invoiced in January 2021. The estimated cost is $1,500 per licensee plus $1,571 per adviser on the Financial Adviser Register at 30 […]

AFA welcomes FASEA Extension

SYDNEY: 17 June 2020 – The Association of Financial Advisers (AFA) warmly welcomes the passing of The Treasury Laws Amendment (2019 Measures No. 3) Bill (the Bill) today, to extend the deadlines for the FASEA exam and education standard. AFA CEO, Philip Kewin said, “We thank all involved in passing the Bill, for recognising the […]

ASIC seeking member input on the impact of COVID-19 relief measures

AFA News 12 June 2020. ASIC are assessing the impact of the COVID-19 relief measures, introduced on 14 April 2020 and have asked the AFA to survey our members to obtain feedback. They are predominantly interested in feedback on the relief measure that provided greater flexibility to provide a Record of Advice when the client’s personal circumstances […]

AFA Board approved changes to the AFA By-Laws

AFA News 12 June 2020. On 29 May 2020, the AFA Board approved changes to the AFA By-Laws with respect to the handling of disciplinary matters. The key changes are as follows: Providing greater flexibility with respect to who can be appointed as an Investigating Officer to consider a complaint or other investigative matter. Giving […]