FASEA opens consultation process for education legislative instrument
The Financial Adviser Standards and Ethics Authority (FASEA) has released for consultation draft amendments to the Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Determination 2020.
In addition to previously announced approvals, the proposed amendments included two credits of approved recognition of prior learning (RPL) for existing advisers who had completed both a relevant degree and relevant post-graduate degree.
Existing advisers who had completed both a relevant degree and post-graduate degree would only be required to complete two bridging courses, including ethics for professionals, to meet their education requirements.
The legislative instrument helped facilitate incorporation of approved degrees, bridging courses, RPL, and awarding of credit for coursework to attain a professional designation.
The draft amendment included adjustments to some historical course and degree details provided to FASEA by higher education providers post-registration of the 2020 determination.
All feedback and submissions on the draft amendments to the education legislative instrument may be submitted through FASEA’s dedicated consultations by 16 September, 2020.
AUTHOR
Chris Dastoor
Recommended for you
A decade after being permanently banned from financial services, a former financial adviser will finally face court in WA following a failed bid to avoid extradition.
Adviser numbers have experienced their largest weekly loss year-to-date this week, doubling that of the previous week.
The number of advisers currently using or planning to use artificial intelligence in their practices has risen substantially to almost three-quarters of firms, according to Adviser Ratings.
Morningstar believes there is still further to run with the potential takeover of Insignia Financial even with original bidder Bain Capital walking away.
