Prepared by Ella Cameron
On Wednesday (15th July) FASEA formalised the three-month CPD extension for advisers, in recognition of the difficulties faced due to COVID-19.
The Legislative Instrument and Explanatory Statement for its Corporations (Relevant Providers Continuing Professional Development Standard) Determination (Amendment) 2020 is now registered on the Federal Register of Legislation. You can view the Legislative Instrument and Explanatory Statement here.
This provides relief to advisers who have been unable to meet CPD requirements due to the impacts of COVID-19. Advisers will have an additional 3 months to meet the 40 hours of CPD required. This relief is a once-off and advisers will still need to complete their 40 hours of CPD every 12 months going forward. You can view FASEA’s latest media release here.