The 2022 Financial Adviser Standards and Ethics Authority (FASEA) exam extension will apply to only a few eligible advisers and Senator Jane Hume is encouraging advisers to sign up for the November exam.
The minister for financial services, superannuation and the digital economy, Senator Jane Hume, said: “The financial advice industry has been on an extraordinary journey over the last few years, striding toward professionalisation and removing some from the industry that gave many terrific planners a poor name.
“Over 16,800 advisers have passed the FASEA exam to date. For those who have yet to do so, the last opportunity in 2021 to register is fast approaching.”
The November exam would be held on 11 to 16 November and registrations would close today.
“Please note there is no extension. For those who have made a legitimate effort, and attempted the exam at least twice, there will be limited opportunity to attempt the exam again in 2022. But this is a very limited option for a small number of people,” Hume said.
“Thank you to the industry for your partnership on this journey. I appreciate this has been a challenging transition.
“But I know for so many of you, it has also been a source of pride. High quality, accessible and affordable financial advice is vital for Australian prosperity.”