FASEA Exam Prep IQ

Planning to do the FASEA exam and don't have time for a workshop? Now you can go online.

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Boost your Ethics CPD Hours & get on top of the 1 Jan 2020 Code of Ethics requirements
Ethics in Practice Web Series More →

Interactive video based online training to get you exam ready

The FASEA Exam Prep IQ module is online training 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.

What’s included?

  • All the FASEA prescribed topics explained
  • Exam style embedded quiz questions test and refine your knowledge
  • Detailed reference notes for further study
  • 24/7 access with 3 months to complete
  • Ability to access training on devices - you can complete it on your phone!
  • FPA accreditation (total 5.5 hours)

Want face to face? See our FASEA Exam Prep Workshops

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FASEA Exam Prep Online

The FASEA Exam - What We Know So Far

The 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.

Overview Financial Advice Regulatory and Legal Obligations

FASEA CPD Hours:
1.75 hours: Regulatory compliance & consumer protection

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
Overview Applied ethical and professional reasoning and communication

FASEA CPD hours
2.25 hours: Professionalism and ethics

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
Overview Financial Advice Construction

FASEA CPD Hours:
0.75 hours: Client care and practice
0.75 hours: Regulatory compliance and consumer protection

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 

 

Conrad Gilbert

Professionalism & Ethics Adviser
Knowledge Shop

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 sessional 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.

Conrad Gilbert
Conrad Gilbert
Professionalism & Ethics Adviser, Knowledge Shop

Investment

Prices are per person access to the 3 FASEA Exam Prep Modules.

Need group rates? Call (or email) Daniel Saphra on 02 8916 4212.

Members

  • $355 GST incl.
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Non-Members

  • $385 GST incl.

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Terms & conditionsAll registrations to Knowledge Shop training and events are subject to our terms and conditions which include a cancellation policy. No refunds are available once the IQ training has been accessed.

Requirements

You will need a computer or device with audio and access to the internet.