Legislated professional standards
Overview of requirements
The legislated professional standards in the Corporations Act require financial planners to:
Anyone wanting to become a financial planner must also complete a full-time professional year that includes at least 1,500 hours of work activities and 100 hours of structured training.
A single disciplinary body has been established within ASIC to oversee financial planners adherence to legislated professional standards and the law.
Further information can be found on Treasury’s Financial Advice Standards page.
Financial Planner & Financial Adviser Code of Ethics (Previously FASEA Code)
Legislated Continuing Professional Development (CPD)
Legislated Professional Year (PY)
Legislated Qualification Standards
FASEA wind up & handover
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