I don't really see the point of continuing on with this exam. It doesn't test a candidate's technical knowledge or knowledge of their regulatory obligations as either a licensee or an authorised representative. It's really an ethics exam and as we know, you can't teach an unethical person to be ethical, only further educate them on how to navigate around what's ethical. Opening up to all and sundry to sit it achieves what? "I work for an Industry Superfund and I was in the member call centre but they fast-tracked (2 weeks) a diploma course for me so now I'm a 'Qualified Adviser' and can advise members on their direct share holdings, life insurance and estate planning needs and how much they will need to fund their goals and objectives for a comfortable retirement. And and now I've passed the FASEA exam so I'm an extra-special really qualifed adviser!" After being in this industry since the '80's it sounds eerily like the ghost of Christmas past. Merry Christmas everyone. I know what the ISA has waiting for them under the Christmas tree with their best buddy Jim Chalmers running things - everything they ever wanted.