On 8 July 2021, FASEA announced that all financial advisers who have yet to pass the Financial Advisers Exam will have the option to sit the November exam irrespective of the timing of their last sitting.

This will give financial advisers two opportunities to sit before the current transition period ends on 31 December 2021 (i.e. July and November sittings or September and November sittings).

The Corporations (Relevant Providers Exam Standard) Determination 2019 will be amended to provide relief from the 3 month registration requirement. FASEA will consult with stakeholders on the proposed amendment to this legislative instrument commencing 14 July 2021.


Further information

FASEA Standards Authority, Media Release, 8 July 2021

Additional information

Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237 492 RSEL L0001281 (MIML) is the operator of Macquarie Investment Manager, Macquarie Investment Manager II, Macquarie Investment Consolidator, Macquarie Investment Consolidator II and Macquarie Investment Accumulator; and is the Trustee of the Macquarie Superannuation Plan.

This information is provided for the use of licensed and accredited brokers and financial advisers only. In no circumstances is it to be used by a potential client for the purposes of making a decision about a financial product or class of products.

The information on this page does not take into account your objectives, financial situation or needs. Before making any financial investment decision or a decision about whether to acquire a product mentioned on this page, a person should obtain and review the terms and conditions relating to that product and also seek independent financial, legal and taxation advice.

Unless stated otherwise, this information has been prepared by Macquarie Bank Limited AFSL and Australian Credit Licence 237502. It is provided for the use of licensed and accredited brokers and financial advisers only. In no circumstances is it to be used by a potential client for the purposes of making a decision about a financial product or class of products.