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:

24 October 2017 - FASEA New Entrant Degree Standards

20 March 2018 - FASEA Code of Ethics

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

11 July 2018 - FASEA Financial Adviser Examination

23 July 2018 - FASEA Provisional Relevant Provider Term Guidance

23 July 2018 - FASEA Professional Year Guidance

24 July 2018 - FASEA CPD Guidance

24 July 2018 - FASEA Foreign Qualifications Guidance




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

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

31 August 2018 - AFA Submission on Foreign Qualifications

31 August 2018 - AFA Submission on CPD

1 June 2018 - AFA Submission on FASEA Code of Ethics

4 June 2018 - AFA Position Statement on Education Standards

28 June 2018 - AFA Submission on Code of Ethics Compliance Schemes

29 June 2018 - AFA Submission on Education Standards for Existing Advisers

31 July 2018 - AFA Submission on FASEA Examination
13 August - Provisional Relevant Provider Term
17 August 2018 - Professional Work & Training Requirement (Professional Year)