FASEA adds new education providers

FASEA new education providers

FASEA has updated its list of approved education providers, adding in new bachelor and postgraduate programs and updating the list of approved courses.

The Financial Adviser Standards and Ethics Authority (FASEA) has released an updated list of approved education programs and courses, which includes new providers of bachelor, postgraduate and bridging course programs.

FASEA released the course list as part of its registration of the Legislative Instrument and Explanatory Statement for its Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Determination 2020 on the Federal Register of Legislation.

The new instrument records all FASEA-approved bachelor degrees, graduate diplomas and bridging courses available to existing advisers and new entrants seeking to meet the Authority’s education standard, and replaces a previous instrument registered in December 2018.

The instrument lists bachelor-level programs from 18 higher education providers (HEP), including the addition of University of Technology Sydney (UTS), as well as a number of courses and units offered by HEPs that were not on the 2018 register.

Four HEPs were also added to the list of postgraduate course providers, with the inclusion of Central Queensland University, Queensland University of Technology (QUT), UTS and TAFE NSW increasing the number of providers to 20. QUT was also the only addition to the updated list of 12 bridging course providers included under the instrument.

FASEA stated the new determination also includes its approved recognition of prior learning  for education undertaken to attain professional designations and the associated credits required for existing advisers to meet the FASEA standard, as well as any amendments to historical course/degree details provided to FASEA by HEPs after the registration of the 2018 determination.

The new determination follows a number of formal submissions the body received during a consultation process that took place in early December 2019.

“We thank stakeholders for their constructive input during the consultation process … and are pleased to have reflected this input where appropriate in the legislative instrument,” FASEA chief executive Stephen Glenfield said.

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