FASEA exam: three months wait rule lifted

AFA News 14 July 2021. FASEA have announced that the three-month rule between exam sittings will be removed, enabling advisers who sit, but do not pass, the September 2021 exam to sit the November 2021 exam. To this point, the three-month rule has prevented advisers from sitting consecutive exams.

This will now ensure that all financial advisers will have the opportunity to sit at least two exams before the end of 2021. Those who are sitting the July 2021 exam, will also have the opportunity to sit the November 2021 exam.

This is good news for any adviser who has not yet completed two attempts at the exam, or for anyone who has not yet attempted the exam. This will mean that anyone who wishes to be eligible to leverage the Government’s announcement for an extension to continue into 2022, and sit the exam before 30 September 2022, will now have that opportunity.

It is important that financial advisers understand how all these changes will apply.

Click here to read the FASEA Media release.

If you have any questions about the FASEA exam then please email campusafa@afa.asn.au

Issued 14.07.2021. AFA Policy & Education Update