{"id":49719,"date":"2020-04-24T12:49:13","date_gmt":"2020-04-24T01:49:13","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=49719"},"modified":"2020-04-24T12:49:13","modified_gmt":"2020-04-24T01:49:13","slug":"latest-poll-fasea-time-extensions","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2020\/04\/24\/latest-poll-fasea-time-extensions\/","title":{"rendered":"Latest Poll \u2013 FASEA Time Extensions"},"content":{"rendered":"<div id=\"polls-231\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Are you welcoming the expected bipartisan support for extensions to the FASEA adviser exam and qualification requirements?<\/strong><\/div><div id=\"polls-231-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Yes \u2013 it will be a relief to have the additional time <small>(81%)<\/small><div class=\"pollbar\" style=\"width: 81%\" title=\"Yes \u2013 it will be a relief to have the additional time (81% | 171 Votes)\"><\/div><\/li>\n\t\t<li>No \u2013 the extra time won\u2019t make any difference to me <small>(16%)<\/small><div class=\"pollbar\" style=\"width: 16%\" title=\"No \u2013 the extra time won\u2019t make any difference to me (16% | 33 Votes)\"><\/div><\/li>\n\t\t<li>Not sure yet <small>(3%)<\/small><div class=\"pollbar\" style=\"width: 3%\" title=\"Not sure yet (3% | 6 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_231_nonce\" name=\"wp-polls-nonce\" value=\"713390dfb0\" \/>\n<\/div>\n\n<p>There has been a great deal of interest in our recent report that the AFA has reassured its members the intended extensions to the time-frames for advisers to undertake the FASEA exam and complete its new minimum education standards had bipartisan support in the Senate.<\/p>\n<p>(See: <a href=\"https:\/\/riskinfo.com.au\/news\/2020\/04\/14\/afa-reports-bipartisan-confirmation-on-fasea-extensions\/\" target=\"_blank\" rel=\"noopener noreferrer\">AFA Reports Bipartisan Confirmation on FASEA Extensions<\/a>).<\/p>\n<p>Our report noted that once the new requirements have been legislated, advisers who were registered on ASIC\u2019s Financial Adviser Register on 1 January 2019 will now be required to:<\/p>\n<ul>\n<li>Complete the FASEA-approved adviser exam by 1 January 2022<\/li>\n<li>Meet FASEA\u2019s minimum qualification requirements by 1 January 2026<\/li>\n<\/ul>\n<p>This means advisers have one extra year to pass the exam and two extra years to complete their required studies.<\/p>\n<p>Some of the comments from Riskinfo readers have referred to a mass exodus of advisers with one commentator noting the extension has &#8220;&#8230; delayed the mass exodus of risk advisers and that is all it has done, unless there is an overhaul of the LIF\u201d.<\/p>\n<p>So, what does it mean for you? Do you welcome the bipartisan support for the extensions? And will this be a positive for you and your business?<\/p>\n<p>Tell us what you think and we&#8217;ll report back on our findings next week.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There has been a great deal of interest in our recent report that the AFA has reassured its members the intended extensions to the time-frames for advisers to undertake the FASEA exam and complete its new minimum education standards had bipartisan support in the Senate. (See: AFA Reports Bipartisan Confirmation on FASEA Extensions). Our report [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":49727,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,49],"tags":[],"class_list":["post-49719","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-polls"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/49719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=49719"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/49719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/49727"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=49719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=49719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=49719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}