Under the proposed amendments, existing advisers who have completed both a relevant degree and a relevant post-graduate degree will only be required to complete two bridging courses — including Ethics for Professional Advisers — to meet their education requirements.

The draft amendment will also see the addition of degrees and bridging courses and the recognition of prior learning of advisers approved by FASEA over the course of 2020 to the education legislative instrument.

FASEA noted that during the course of 2020, it announced the approval of a number of current degrees and bridging courses and the recognition of prior learning of advisers through the approval of historic degrees and awarding of credit for coursework to attain a professional designation.

It previously stated that these would be added to an education legislative instrument.

The draft amendment also includes adjustments to some historical course/degree details provided to FASEA by higher education providers post-registration of the 2020 determination.

FASEA is inviting feedback on the amendments up until 16 September.