FASEA releases draft for 2019 determination

The Financial Advisers Standards and Ethics Authority (FASEA) has released a draft of the Relevant Providers Degrees, Qualifications and Courses Standard 2019 Legislative Instrument (the 2019 determination) and Explanatory Statement for consultation.

It was now available for public consultation and all feedback and submissions were due by the deadline of 7 December, 2019.

The draft 2019 determination included all bachelor degrees, graduate diplomas and bridging courses approved by FASEA since the 2018 determination was registered.

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It also included FASEA approved recognition of prior learning (RPL) for education undertaken to attain professional designations and associated credits appropriate for the existing pathways set out in FASEA’s Education Standard.

An amendment to historical courses/degree details provided to FASEA by higher education providers post-registration of the 2018 determination was also included.

After all feedback had been considered, the 2019 determination would be registered, which would repeal and remake the 2018 determination.

Stephen Glenfield, FASEA chief executive, said the draft 2019 determination documented the significant body of course and other accreditations approved by FASEA throughout 2019 and provides recognition of study undertaken by advisers.

“FASEA welcomes stakeholder feedback as we continue to update FASEA’s approved list for the education standard, and all feedback will be carefully reviewed prior to making of the legislative instrument and release of the explanatory statement,” Glenfield said.

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