FASEA approves additional qualifications

In a statement, the authority said it had recognised the University of Canberra's Graduate Diploma in Financial Planning commenced between 1 January 2003 and 31 December 2005, meaning advisers who had completed this qualification only needed to do a bridging course in Ethics for Financial Advisers to meet the education standard.

In addition, FASEA recognised RMIT's Master of Financial Planning and Graduate Diploma of Financial Planning, saying that completion of either of these courses would see advisers meet their education requirements.

Coursework completed as part of the FPA's Life Risk Specialist designation between 2009 and 2018 would also be awarded one recognition of prior learning (RPL) credit, as would coursework for CPA's Associate program between 1985 and 1988.

The authority said it had also approved three bridging courses available at RMIT including Professional Ethics, Financial Planning Regulatory Obligations and Behavioural Financial Advice.

FASEA chief executive Stephen Glenfield said the approval of the additional courses built on the body of courses already approved by FASEA and provided additional choice to advisers seeking to meet the education standard.

The approved courses would be added to a future legislative instrument, the authority said.