Scrap it? Nohhhh, lets keep it going all the way through to Christmas so ASIC can fund their staff Christmas parties and maybe even some of the ASIC Senior Exec overseas Christmas holidays!

This was never about ethically cleaning up the industry. If it was, specific feedback would have given to candidates who sat the exam and failed - not the general feedback they got that led them to making NEW errors for questions they had already answered correctly in their previous sitting.

Also, how ASIC can justify without shame the reasons for increasing the fee from just under $600 to almost $1,000 to what I last heard was $1,500 is a mystery and utter disgrace!

There is no disputing ASIC has blood on it's hands for how it handled this and how it led to numerous advisers taking their own lives after failing this farcical exam 4, 5 & 6 times. No, I reckon if they're going to screw the advice industry over like they have to date, they may as well ride this baby all the way home so the industry is a completely on its knees.