FAAA Professional Practice membership renewal

Following the completion of the merger of the AFA and FPA, renewals are now open for the FY23/24 membership year with the Financial Advice Association of Australia (FAAA).

If you would like to pay for any FAAA members on the one invoice (with the 5% Professional Practice discount applied), now is the time to check your employee / member data.

We would really appreciate it if you could log in to the Member Portal (using your individual log in details) to check and update your employee / member list as soon as possible. This will help to ensure a quicker, smoother renewal process for both your members and your FAAA Professional Practice.

The process

Access the Business Services tab in the main portal navigation and click Employee Management:

Select the Manage Employees option on the right:

In this section:

• update your employee details including updating their status with your organisation (e.g marking those who have left your company as ‘archived’ and checking those who are still with the organisation are marked as ‘active’);
• select who should be included in the Professional Practice group renewal.

Back in the Employee Management area select the Member Summary option on the left:

In this section:

• See who has already completed the individual renewal process and opted for your company to pay their FY24 membership fees;
• See who hasn’t yet completed the renewal process;
• View the subtotal of membership fees payable for those members who have renewed and selected pay by Company, before generating the invoice;
• Print a list of active members.

Once you have finalised all the renewals for your practice, download an itemised invoice showing member name and membership category (with  the option to add a purchase order number to the invoice).

Important things to note

For the Pay By Company option to appear as a payment option when they complete their individual renewal, a member must:

• be marked as an ACTIVE member of your organisation
• have the ‘include in renewals’ box ticked and
• have your organisation listed as their ‘employer’

Employees MUST select Pay by Company to be included on your practice invoice.

The 5% Professional Practice discount on individual membership fees will be applied to the one invoice issued to the Professional Practice for these members.

If you need to add members to your organisation, so that they also have the option to elect for their fees to be paid by your organisation, please send their details to [email protected] before that member completes their individual renewal.

Finalising Payment: Once you have confirmed that all members in your practice have renewed, you will be able to finalise the FY24 renewals invoice. Go to Business Services / Renew my Professional Practice to:

1. Pay for all employees covered by your practice;
2. Confirm your FY24 Professional Practice renewal;
3. Once payment has been received, download your updated FAAA Professional Practice certificate for FY24.

Renewals for the practice (as well as individuals) are due for completion by 30 June 2023. Invoices for both the Practice and the invoice for employees can be found under the My Profile / Invoices / Company Invoices tab (please note: it could take 15-20 minutes for the pooled invoice to generate and appear in the Portal).

Any questions? Get in touch

If you need assistance please call us on 1300 337 301, or email at [email protected].