FASEA’s long-term objectives and strategies for financial years 2019/20 to 2021/22 are to:
- Maintain regular communication with stakeholders around FASEA standards and key transition dates relating to those standards and Corporations Law requirements (including exam commencement and completion, code of ethics compliance and education requirements);
- Prepare and release updated information to assist stakeholders’ interpretation of FASEA’s standards;
- Continue to accredit educational programs and courses that meet FASEA’s standards;
- Assess applications from professional associations for recognition of prior learning credit approval for coursework undertaken to acquire a professional designation;
- Approve and administer exams as contemplated by Section 921U(2);
- Assess applications for approval of foreign qualifications received from existing and new advisers;
- Periodically review the Code and standards to assess their efficacy; and
- Work towards identifying an ongoing funding model which will provide ongoing funding to FASEA.
Visit
https://www.transparency.gov.au/annual-reports/financial-adviser-standards-and-ethics-authority-ltd/reporting-year/2018-2019-20