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FASEA confirms accreditation delays

FASEA confirms accreditation delays

The Financial Adviser Standards and Ethics Authority has yet to approve any of the 25 applications it has received from higher education providers for accreditation of prior learning.

In a statement, FASEA said no approvals have been made in relation to the applications it has received from higher education providers for the provision of graduate diplomas and bridging courses.

Further, FASEA wishes to advise that, by the cut-off date of 12 April 2019, it had received:

  • 14 applications by graduate diploma providers for accreditation; and
  • 11 applications by bridging course providers for accreditation.

FASEA said it will take a period of up to eight weeks upon receipt of applications to assess and approve those applications, and that further advice on accredited graduate diploma and bridging course providers are therefore due to be announced mid-June 2019. 

“Information pertaining to accredited courses will be available on the FASEA website at this time,” it said.

“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.”

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However, FASEA said it approved two eight-unit diplomas from the Securities Institute of Australia for two-credits recognition of prior learning:

  • Securities Institute Education Diploma (Diploma of Financial Planning); and
  • Securities Institute Education Diploma (Diploma of Financial Markets).

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

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