Hume Confirms FASEA Deadline Should Be Extended This Week

Senator Jane Hume has confirmed that the legislation to extend FASEA deadlines for exam completion for all registered advisers should be passed in this week’s sitting of Parliament. This needs to happen as our analysis indicates around 16,000+ advisers still need to sit and pass this exam in order to keep practising. At present the pass rate stands at about 85% which means potentially thousands of advisers may need to sit the exam more than once.