FASEA Extension Welcomed – Unity To Continue?

The much-anticipated extension to the FASEA exam was finally announced late last Friday afternoon. Along with a one-year extension to complete the FASEA exam, it was also announced that advisers registered prior to Jan 1 this year will have an extra 2 years to meet FASEA qualification requirements. This is potentially the more notable extension, as it will give advisers debating their future a further 2 years to solidify their plans. The co-operation between different industry bodies has been generally applauded – and we may see much more of it with the consortium of organisations joining forces in creating a new entity - Code Monitoring Australia (CMA) and applying to ASIC to be a FASEA code-monitoring body.