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FASEA Exam Prep Workshop

Planning to do the FASEA exam? You need this workshop 


All the exam subjects in one day
Explained through case studies and examples
Multiple choice sample questions and short answer questions to be worked through on the day
Supported by detailed notes and workbook for your 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.

Early bird ends Wednesday 20 March.

Register Member

Dates & Details

Sydney 29 March 2019 | Melbourne 3 April 2019 | Brisbane 5 April 2019

8 PD Hours

For Limited and Full Financial Advisers (Easton Wealth) Merit Wealth, GPS Wealth SMSF Expert
6.5 hours - total active hours
1 hour - Client care and practice,
3 hours - Regulatory compliance and consumer protection
2.5 hours  - Professionalism and ethics

Comprehensive reference guide included

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

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. 

Source: FASEA Final Financial Adviser Exam Legislative Instrument

Register Member

Our Speakers

Garth McNally
Garth McNally
national training director, merit wealth
Garth knows superannuation. It’s an area he has been intimately involved with for many years – helping clients and the profession make sense of an increasingly complex regulatory environment and how they need to apply the rules in the ‘real world’.
Garth heads Merit Wealth’s superannuation division, is a specialist consultant to Knowledge Shop, and a specialist member of the SMSF Association.
Conrad Gilbert
Conrad Gilbert

Conrad has spent his career working in and exploring financial advice. A seasonal lecturer at Griffith University, and a financial advice specialist with BT and Cooper Reeves, along with senior executive roles with national financial planning networks

Conrad brings the practical and the technical together. 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.


Early Bird

Per person
 For payments received before  20 March 2019
  • $670 - Member
  • $685 - Non-member
Not a member? Find out more


Per person
For payments received from 21 March 2019
  • $685 - Member
  • $735 - Non-member
Not a member? Find out more
Register Member

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

Friday 29 March 2019
Cliftons Sydney
60 Margaret St, Sydney

Wednesday 3 April 2019
RACV City Club
501 Bourke St, Melbourne

Friday 5 April 2019
Brisbane Hilton
190 Elizabeth St, Brisbane


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