Still no movement on FASEA timetable

29 August 2019

The Assistant Minister for Superannuation, Financial Services and Financial Services Technology, Senator Jane Hume left a number of advisers disappointed when she did use her address to the Association Financial Advisers (AFA) conference to announce an extension to the Financial Adviser Standards and Ethics Authority exam deadline.

A day earlier at the Financial Services Council (FSC) Leaders Forum in Sydney Hume expressed sympathy for advisers and the challenges with which they were being confronted but did not significantly extend on those comments in Adelaide.

Both the AFA and the Financial Planning Association (FPA) have been lobbying hard to achieve an extension of the timetable to ensure it aligns with the timescale outlined by former minister, Kelly O’Dwyer.

They remain hopeful that the Government will still move to amend the legislation which would allow the timetable extension.

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