Financial advisers who have made two genuine attempts to pass the FASEA exam prior to 1 January 2022 but are unsuccessful will get an exemption to extend their cut-off date of passing the exam to 30 September 2022. No extension will be granted to financial advisers who have not sat the exam twice prior to 1 January 2022. If you are an existing financial adviser who has not yet passed the FASEA exam there is no reason to panic, but don’t let the opportunities slip away – you still have two further opportunities in September and November this year to sit the exam. You can access the exam timetable through the link provided below.
On 24 June 2021, the Government acknowledged the continuing disruption caused by the pandemic and announced it has made limited changes to the FASEA exam requirements by further extending the exam due date for certain individuals. This is an additional extension to that passed on 17 June 2020 which had provided one additional year, till 1 January 2022, for existing financial advisers to satisfy the FASEA examination requirements.
The Bill also gives rise to some of the other reforms stemming from the Hayne royal commission which will impact financial advisers. As the bill progresses towards implementation we will provide further updates.
- How to Book for the FASEA Exam and Information for sitting the Exam
- Announcement to extend the FASEA exam due date in limited circumstances
- Media Release – Better Advice Bill introduced into Parliament
- Media Release – FASEA Extension Bill passes the Parliament
If you would like to discuss further how we can assist you, please contact us.