Graduate diploma approvals not expected till June

The Financial Adviser Standards and Ethics Authority (FASEA) has clarified it is yet to approve any graduate diplomas and bridging courses for which it has received applications from higher education providers.

The authority said it had received 14 applications from graduate diploma providers and 11 applications for bridging course providers for accreditation ahead of the cut-off date for applications on 12 April.

FASEA added it will take up to eight weeks to assess and approve applications and further advice on accredited graduate diploma and bridging course providers would be available in mid-June.

“This would allow accredited providers sufficient time to commence offering accredited graduate diplomas and bridging courses in the second half of the 2019 calendar year. Information pertaining to accredited courses will be available on the FASEA website at this time,” it said.

The authority released the update after the Ethics Centre announced it was developing an ethics course for financial advisers that will be launched in September, for which it would seek FASEA accreditation.

FASEA, however, has approved two eight-unit diplomas from the Securities Institute Australia for two credits of recognition of prior learning. They are the Securities Institute Education Diploma (Diploma of Financial Planning) and the Securities Institute Education Diploma (Diploma of Financial Markets).

“The advisers who have completed either of these diplomas will receive two credits towards meeting their education pathway set out in the FASEA education standard,” FASEA said.

The diplomas will be added to the FASEA Relevant Providers Degrees, Qualifications and Courses Standard Legislative Instrument.

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