FASEA’s online Foreign Qualifications Assessment Service form will need to filled out by advisers with foreign qualifications in order to meet the education and training standards of the Corporations Act, FASEA said in a statement.
A new entrant or existing adviser with foreign qualifications must provide to FASEA:
- a certified copy of a Department of Education and Training assessment for each qualification; and
- a certified copy of the academic transcript for each degree or diploma
FASEA said it will then assess the foreign qualification for equivalence to degrees or qualifications already approved by FASEA and may specify courses for the new entrant or existing adviser to complete in addition to their foreign qualification.
As it approves foreign qualifications, FASEA said they will be added to its Foreign Qualification Precedent Database.
“The opening of the Foreign Qualifications Assessment Service will enable persons holding international qualifications to obtain approval of their qualifications and to confirm any further education they must undertake to continue operating in the industry after 1 January 2024,” said FASEA chief executive Stephen Glenfield.
for those who are already in possession of a FASEA approved masters degree. they must be feeling so great. like top of the world.
https://www.youtube.com/watch?v=v_B3qkp4nO4
WB, time to take the blinkers off. Can’t ignore super, particularly when you are using it to fund insurance
Ah, so FASEA’s lottery is going international! Will the exam be part of the package?
I’m sorry WB but the point is you can’t just provide Insurance advice, you need to be a para-planner then. An adviser has no right to scope the advice for the client and then in doing so you affect other areas of their financial situation. You go to the specialist who will look at their WHOLE financial situation. You want to sell insurance sell it generally.
[quote=Oracle of BS]Great move forward, let’s make it easy for the Mumbai professionals to work in this industry, meanwhile back in the real world – local diploma, advanced diploma etc,etc- treated as an inferior substitute for toilet paper.[/quote][quote=
Mumbai professionals pay good money for Oz diplomas, degrees and cricketers ! Interested ?
“Educational assessments can take up to 3 months to complete but may take longer if additional research is needed. On average assessments take 2 months. Please note that once the supporting documents have been submitted, the application fee cannot be refunded.”
Instead of FASEA diverting its attention to overseas advisers, maybe it should take a look at the destruction it’s causing in its own backyard to Australian advisors with years and years of experience.
Forcing advisers who only specialise in risk insurance to spend thousands of dollars and waste hundreds of hours on subject matter they have zero interest in providing advice on, is absolutely ludicrous and must be reconsidered.
Plumbers aren’t forced to be licensed as plasterers, roof tilers, carpenters or concreters so why are risk insurance specialists being forced to undertake study on managed funds and derivatives??? Until this is rectified, I will be angrily leaving this industry in the next 12 to 18 months along with thousands of other advisors. Thanks very FASEA!!!
Great move forward, let’s make it easy for the Mumbai professionals to work in this industry, meanwhile back in the real world – local diploma, advanced diploma etc,etc- treated as an inferior substitute for toilet paper.