Further FASEA exam extension confirmed

by | Jun 29, 2021 | AFSL | 0 comments

Prepared by Rosie Jervis

A Treasury Press release has confirmed that the Government will provide a further, limited, extension to enable existing advisers to complete the FASEA exam.

Recognising the ongoing impacts of the covid pandemic the Government has confirmed it will use a power in the Financial Sector Reform (Hayne Royal Commission Response – Better Advice) Bill to extend the exam cut of date by a further nine months.

The extension will only apply to existing advisers who have already attempted the FASEA exam at least twice, prior to 1 January 2022.

If you are an eligible adviser you will now have until 30 September 2022 to pass the exam.  This is a limited extension and Treasury recommends advisers sit the exam as soon as possible.

More information here