FASEA

The Board of the Financial Adviser Standards and Ethics Authority Limited was appointed by the Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP on 10 April 2017.

FASEA’s work program

The Act tasks FASEA with the following functions for relevant providers authorised to provide personal advice to retail clients, in relation to relevant financial products.

There are 7 elements to the FASEA work program with differing timelines of compliance for each of them. These include:

  • Approve Bachelor (or higher) degrees, or equivalent qualifications
  • Approve an exam
  • Set requirements for work and training
  • Set requirements for continuing professional development
  • Respond to applications for approval of foreign qualifications
  • Make a Code of Ethics
  • Specify a word or expression to refer to a provisional relevant provider

 

Please click on the links below to view the following FASEA consultation documents:

FASEA Approved Existing Degrees

24 October 2017 - New Entrant Degree Standards

20 March 2018 - Code of Ethics

20 March 2018 – Proposed Guidance on Education Pathways for All Advisers

 

 

The AFA Continues to advocate to FESEA on behalf of all members in relation to the above matters.

Please click on the links below to view our FASEA submissions:

1 June 2018 - AFA Submission on FASEA Code of Ethics

4 June 2018 - AFA Position Statement on Education Standards