{"id":58926,"date":"2021-12-14T15:05:42","date_gmt":"2021-12-14T04:05:42","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=58926"},"modified":"2024-10-30T08:44:15","modified_gmt":"2024-10-29T22:44:15","slug":"grad-dip-not-required-under-labor","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2021\/12\/14\/grad-dip-not-required-under-labor\/","title":{"rendered":"Grad Dip Not Required Under Labor"},"content":{"rendered":"

Ten-year advisers of good standing would not be required to attain a graduate diploma education standard or equivalent under a Labor Government.<\/p>\n

This clarification was made by the office of Shadow Assistant Treasurer and Shadow Minister for Financial Services and Superannuation, Stephen Jones<\/strong>, following the announcement made by Jones at last week’s AIOFP Conference that an Albanese Labor Government would not ask financial advisers to obtain a bachelor\u2019s degree to retain their qualifications if they\u2019ve been working for a decade as an adviser and have a good record (see: Labor Would Scrap Bachelor’s Degree…<\/a>).<\/p>\n

Existing advisers prior to 1 January 2019 who hold no degree are currently required by FASEA to attain a bachelor\u2019s degree or an equivalent by 1 January 2026. Taking FASEA\u2019s table of requirements<\/a> as its reference (see below), Riskinfo asked the Shadow Minister\u2019s office whether the existing adviser of ten+ years good standing would still be required to attain an Approved Graduate Diploma (8 subjects at AQF8).<\/p>\n

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AFA CEO, Helen Morgan-Banda …a very good outcome for Australians seeking financial advice<\/figcaption><\/figure>\n

A representative from the Shadow Minister\u2019s office has subsequently confirmed to Riskinfo that under Labor\u2019s policy, ten-year advisers with a good record will not be required to attain a Graduate Diploma.<\/p>\n

In announcing Labor’s commitment last week to scrapping the bachelor’s degree (and Grad Dip) requirement for ten-year advisers of good standing, the Shadow Minister confirmed Labor would still expect advisers to:<\/p>\n