Category Archives: News

Key issues addressed at PJC Hearing on 19 March

AFA News 1 April 2021. The Parliamentary Joint Committee on Corporations and Financial Services is responsible for the oversight of ASIC.  The PJC held their most recent hearing with ASIC on 19 March 2021.  This was the first hearing under the new PJC Chair, Andrew Wallace, who is the LNP Member for the Sunshine Coast […]

ASIC issues directions on Client Consent and Disclosure of Lack of Independence

AFA News 1 April 2021. On Thursday 25 March 2021, ASIC issued a media release on the new requirements with respect to Annual Renewal, Client Consent and Disclosure of Lack of Independence. Included within the package of information released by ASIC were the following: Three legislative instruments on Consent to Deductions, Disclosure of Lack of […]

FASEA release January 2021 Exam Results

AFA News 25 March 2021.  The January exam results, released by FASEA on 17 March 2021 list the following notable highlights: 1,079 advisers sat the exam in January/February. 67% passed the January exam. To date, over 12,000 financial advisers have passed the exam. This represents 57% of financial advisers on the ASIC Financial Adviser Register. […]

From Canberra this week…lobbying for life insurance policy improvements

AFA News 18 March 2021. On Tuesday 16 March and Wednesday 17 March, Phil Anderson, the AFA General Manager of Policy and Professionalism, joined a delegation of representatives from the Choice & Access to Life Insurance (CALI) group to meet with politicians from both sides of Parliament to talk about the life insurance market and […]

Preparing for the FASEA Exam – new practice questions

AFA News 18 March 2021. FASEA have taken a number of steps recently to help advisers prepare for the exam, including releasing a new document with practice questions last week. Click here to access Practice Question Guidance Version 9.0 released in March 2021. The FASEA exam is testing the following three areas: Financial Advice Regulatory […]