Education Standards Flashcards
7 cards from real FASEA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Education Standards flashcards as text
Under FASEA's education framework, which body is responsible for approving courses that meet the education standard for financial advisers?
Answer: FASEA
FASEA was the body responsible for approving courses and qualifications that met the education standards for financial advisers.
A financial adviser holds a pre-existing bachelor's degree in a non-financial field. Under FASEA standards, what is the most likely pathway for them to meet the education requirement?
Answer: They must complete an approved graduate diploma or equivalent
Advisers with non-relevant prior degrees generally needed to complete an approved graduate diploma or equivalent bridging qualification.
Which of the following best describes an 'approved degree' under FASEA's education standards?
Answer: A degree in a related field approved by FASEA covering required knowledge areas
An approved degree must be in a relevant field and cover specific knowledge areas as determined and approved by FASEA.
How many units are typically required in an FASEA-approved graduate diploma for existing advisers seeking to meet the education standard?
Answer: 8 units
The FASEA-approved graduate diploma pathway typically comprised eight units covering relevant knowledge areas.
Under FASEA's framework, the ethics component of the education standard requires completion of a unit covering which area?
Answer: Ethics and professionalism in financial services
An approved ethics unit covering ethics and professionalism in financial services is a mandatory component of the education standard.
Which transition arrangement allowed existing advisers with relevant degrees to meet the education standard earlier than the general deadline?
Answer: Having their degree recognised as an approved qualification by FASEA
Existing advisers whose prior degrees were assessed and recognised as approved qualifications by FASEA could satisfy the education standard without further study.
What is the primary purpose of the knowledge requirements specified in FASEA's education standards?
Answer: To ensure advisers have competency across core subject areas relevant to providing financial advice
The knowledge requirements ensure advisers possess the necessary competency across areas such as financial planning, law, and ethics to serve clients appropriately.
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Sources & references
Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy
- download.asic.gov.au — Exam format, exam information · verified Nov 2026
- asic.gov.au — Test delivery, passing score, retake fee, retake policy, score release, score validity, eligibility, fees, late registration · verified Oct 2026