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FASEA updates approved degrees standard
The Financial Adviser Standards and Ethics Authority has registered a new legislative instrument updating its approved list of bachelor degrees, graduate diplomas and bridging courses since its 2018 determination was registered.
FASEA registered the 2020 Legislative Instrument and Explanatory Statement for its Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Determination 2020 on the Federal Register of Legislation, according to a statement.
FASEA said the determination was informed through several formal submissions during its consultation process in December 2019.
The new legislative instrument expands the list of approved education programs and courses available to existing advisers and new entrants seeking to meet FASEA’s education standard.
It also includes FASEA-approved recognition of prior learning (RPL) for education undertaken to attain professional designations and the associated credits appropriate for the existing adviser pathways set out in its Education Standard.
Finally, the 2020 determination includes amendment to historical course/degree details provided to FASEA by higher education providers post registration of the 2018 determination.
“We thank stakeholders for their constructive input during the consultation process for FASEA’s Relevant Providers Degrees, Qualifications and Courses Standard and are pleased to have reflected this input where appropriate in the legislative instrument,” said FASEA chief executive Stephen Glenfield.
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