FASEA has released its policy on foreign qualifications for consultation, with the proposed standard requiring assessments from the organisation along with a separate Department of Education and Training (DET) approved body.
The policy’s two-step approach starts with an examination by a DET approved body, including the Chartered Accountants of Australia and New Zealand (CA ANZ) and Certified Practicing Accountants (CPA) associations.
It is then followed by an assessment by FASEA as to the equivalence of the foreign qualification approved under the FPS001 Education Pathways Policy.
“We are pleased to release the foreign qualifications policy as it provides guidance for financial advisers holding foreign qualifications and defines the role of FASEA in approving foreign qualifications,” Stephen Glenfield, chief executive of FASEA, said.
The policy was based around 12 submissions and various stakeholder forums during FASEA’s consultation process for this standard in July and August.
FASEA approved foreign qualifications will be added to its Foreign Qualification Precedent Database, available on its website.
Submissions close 14 December.
When financial failures occur and accountability can’t be pinpointed clearly, often it is the adviser that gets ...
When dealing with high-risk investment portfolios and platforms, it is important advisers manage expectations even when ...
Orbis Investments has added a new marketing head to extend its reach to advised retail investors as part of its “next ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin