FASEA Exam Prep Workshop

Planning to do the FASEA exam? You need this workshop. 

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Need online FASEA Exam Prep training? 
FASEA Exam Prep IQ - interactive, video based online training to get you exam ready. Available now. More →

All the FASEA prescribed exam subjects in one day
Explained through case studies and examples
Exam style multiple choice and short answer questions worked through on the day
Supported by detailed notes and workbook for further study

A practical hands on workshop designed to get you exam ready.

The new requirements under the Financial Adviser Standards and Ethics Authority (FASEA) represent a seismic shift in the management and delivery of financial advice. For existing advisers, the FASEA exam must be passed to maintain your status as a Financial Adviser. If advisers do not pass the exam within the relevant time period, your existing work and experience will not be recognised and you will need to meet the criteria set for new entrants to the market.

Created to get you exam ready, this intensive workshop is designed by industry specialists to bring you up to speed as quickly as possible. It's pragmatic, detailed and backed-up by reference materials to support you.

"Really insightful. Very practical." Sydney attendee

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Dates & Details

"I was very impressed with the quality of the speakers, with how much thought had gone into the presentation and the materials put together in the workbook."
Sydney attendee

To register - just click on the date

What we cover

Financial Advice Regulatory and Legal Obligations

Incorporating Corporations Act – Chapter 7, Anti-Money Laundering (AML), Tax Agents Services Act (TASA)):

  • Obligations under Chapter 7 (financial services and markets), Corporations Act 2001
    • The Statement of Advice (SOA) and the essential requirements
    • Implications of breaching the financial disclosure obligations
    • Breaches and the notification obligations – when a breach has occurred and what you need to do
    • The legal requirements for individual and licensee
  • Anti-money laundering and the Counter-Terrorism Financing rules – the legal requirements when providing advice
  • Privacy obligations under the Privacy Act when providing financial advice
  • Compliance with the Tax Agents Services Act requirements as a registered Tax Adviser

Applied ethical and professional reasoning and communication

So, you think ethics is ‘soft’? We explore the  requirements under FASEA and the border line issues that will test your knowledge and compliance with the Code.

  • The FASEA Code of conduct – what you are required to do and how you need to act?
  • The Code of Ethics explored:
    • The Code’s impact and importance for planners and advisers
    • What the code means in real life client scenarios – dilemmas and issues
  • Applying the Code and your professional standards
  • Acting in the best interests of your client – what that really means
  • Due diligence and your clients files and records – the essential internal processes to maintain compliance
  • Putting ethics in practice

Accreditation

FPA Accreditation No: 020033 
6.5 hours - total active hours
1.25 - Client care and practice
3 hours - Regulatory compliance and consumer protection
2.25 hours  - Professionalism and ethics

Comprehensive reference guide included for further study

"Great presentation. Easy to follow without oversimplifying the topics."

Sydney attendee

 

Financial Advice Construction

  • Key steps in the advice process
  • When are you giving advice?
  • Fee disclosure and renewal requirements
  • Identifying and aligning advice to different consumer groups
  • Understanding the environment in which financial product advice is sought and given for new and existing clients
  • Key documentation requirements
  • Meeting your client best interest duty
  • Preventing misconduct and inappropriate advice
  • Evaluating and applying advice strategies for different retail clients 

Effective study methods

Has it been a while since you sat an exam? We recap the most effective ways to study to maximise your time and results. Beware the danger of thinking you can simply wing it because you work in this field - your ‘practical’ or common knowledge might not align with the theoretical knowledge required.

The FASEA exam

Existing advisers must pass the FASEA exam by 1 January 2021*. 

Exams will be marked to a credit level and the candidate will be awarded a “pass” or “fail” on this basis.

If you fail the exam, you need to wait 3 months before you can sit the exam again. Do not leave it until the last minute to sit the exam. If you have not passed the exam by 1 January 2021* you will not be able to continue to provide financial advice.

About the exam:

  • 3.5 hour exam (including reading time)
  • Practical application of adviser knowledge in the following competency areas:
    • Financial adviser regulatory & legal obligations(Corporations Act chapter 7, anti-money laundering, Tax Agents Services Act)
    • Financial advice construction - suitability of advice aligned to different consumer groups, incorporating consumer behaviour and decision making
    • Applied ethical and professional reasoning and communication incorporating FASEA Code of Ethics and Code of Monitoring Bodies
  • Limited open book (statutory materials only)
  • The exam is at least 70 questions - At least 64 multiple choice questions and at least 6 written questions. 

Important *On 30 August 2019, Senator Hume, Assistant Minister for Superannuation, Financial Services and Financial Technology, announced an extension to the education requirements for financial advisers. Under the yet to be legislated reforms, advisers who were registered on the Financial Adviser Register on 1 January 2019 must now:

  • Complete the FASEA-approved exam by 1 January 2022 (one additional year); and
  • Meet FASEA's qualification requirements by 1 January 2026 (two additional years).

Source: FASEA Final Financial Adviser Exam Legislative Instrument

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Our Speakers

Conrad Gilbert
Conrad Gilbert
PROFESSIONALISM AND ETHICS ADVISER, KNOWLEDGE SHOP
Lead presenter
 

CFP, Dip FP, B Comm, Grad Dip RS, MBA

Conrad has spent his career working in and exploring financial advice and now brings the practical and technical together in his role with Knowledge Shop. Conrad works with accountants and advisers to navigate the practical impact of the new financial services regime on them, their practice and their clients.

A seasonal academic at Griffith University, Conrad held senior executive roles with national financial planning networks and was a former financial advice specialist with BT and Cooper Reeves.

Conrad holds an MBA from the University of Qld, a Bachelor of Commerce from Griffith University and a Diploma of Financial Planning (DipFP) with Deakin University.

 
Garth McNally
Garth McNally
NATIONAL TRAINING & EDUCATION DIRECTOR, MERIT WEALTH

Garth has over 20 years of practical experience in superannuation. He spends most of his time working with accountants and advisers to develop strategies that help their clients get the most out of their SMSFs.

He is adept in the compliance requirements for practitioners, the technical requirements of the laws and regulations, and the very real impact on clients.

Referred to as the ‘super man’, Garth is a recognised and in-demand speaker for the leading professional bodies and the Easton Investments group of companies - Knowledge Shop, Merit Wealth, and GPS Wealth.

RayItaoui Web Image
Ray Itaoui
Director, Hayes Knight

Ray is a Director of Hayes Knight and a registered SMSF Auditor with extensive experience in the audit, accounting and administration of superannuation funds.

Ray has expanded Hayes Knight’s Superannuation Division considerably over the last few years. As the head of the SMSF division, he has developed and implemented the processes and procedures to create an efficient, accurate and proactive SMSF compliance, administration and audit service. In addition to his work with Hayes Knight, Ray also heads Hayes Knight’s SMSF audit and administration outsourcing company, Superssentials Pty Ltd. Superssentials is a high quality, Australian based service that ensures there will be no nasty surprises for accounting firms across Australia and the clients they refer.

Ray is that rare breed of person who is not only practical but detail conscious with an in-depth understanding of the impact of the regulatory environment faced by the profession.

David Moss
David Moss
ACCOUNTS SERVICES DIRECTOR, MERIT WEALTH

David is a regular presenter and trainer within the superannuation industry and is engaged by Professional Bodies and accounting and financial services firms to present to thousands of accountants each year.

David has long standing relationships with the leaders of Professional Bodies and Government Regulators in the accounting and financial services industries and is utilised by an Accounting Industry Body to represent them in dealings with the Australian Taxation Office and Treasury. 

He has worked as the Head of Superannuation Consulting and Compliance with a mid-tier firm. Prior to that he was working as Superannuation Director in a Big 4 firm, where he had been for 7.5 years

David has built a reputation for his ability to take this expert knowledge and explain it in a straightforward way. He is recognised and trusted as a superannuation authority by accountants around Australia.

Investment

For group rates, call (or email) Lee Marshall on 02 8916 4212.

Early Bird

Per person

Nov workshops: For payments received by 11 October 2019
Jan workshops: For payments received by 11 December 2020
Feb workshops: For payments received by 17 January 2020
Mar workshops: For payments received by 7 February 2020

  • $525 + GST - Member
  • $590 + GST - Non-member
Not a member? Find out more
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General

Per person

Nov workshops: For payments received after 11 October 2019
Jan workshops: For payments received after 11 December 2020
Feb workshops: For payments received after 17 January 2020
Mar workshops: For payments received after 7 February 2020

  • $580 + GST - Member
  • $630 + GST - Non-member
Not a member? Find out more
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Terms & conditionsAll registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for cancellations received 14 days or less of the event date under any circumstances. No credits are available less than 4 days prior to the event under any circumstances.

Venues & Times

Time
All workshop sessions
8.30am Registration
9.00am - 5pm Workshop

SMSF&ACCOUNTING_Winner_TRAINING AND EDUCATION PROVIDER OF THE YEAR

NOVEMBER 2019

Melbourne

Tuesday 19 November 2020
Rendezvous Hotel (map)
328 Flinders St, Melbourne

Sydney

Thursday 21 November 2020
Macquarie Graduate School of Mgt (map)
123 Pitt St, Sydney

Brisbane

Monday 25 November 2020
Brisbane Hilton (map)
190 Elizabeth St, Brisbane

 

MARCH 2020

Townsville

Tuesday 3 March 2020
Townsville CBD

Brisbane

Wednesday 11 March 2020
Brisbane CBD

Sydney

Friday 13 March 2020
Sydney CBD

Canberra

Friday 20 March 2020
Canberra CBD

Adelaide

Monday 23 March 2020
Adelaide CBD

Melbourne

Tuesday 24 March 2020
Melbourne CBD

JANUARY 2020

Sydney

Monday 20 January 2020
Sydney CBD

Melbourne

Thursday 23 January 2020
Melbourne CBD

 

 

FEBRUARY 2020

Thursday 27 February 2020
Perth CBD