he Financial Adviser Standards and Ethics Authority (FASEA) has released the legislative instrument and explanatory statement for its examination standard.

The legislative instrument was informed through consultation received in 26 submissions during the legislative instrument final consultation process for this standard in December 2018 and January 2019.

Under the final standard, FASEA has reduced the reading time for the exam to 15 minutes within a total 3.5 hour sitting period. FASEA has also clarified that exam content under the topic of Financial Adviser Regulatory and Legal Requirements will cover the Tax Agents Services Act (TASA) only, and not the somewhat broader requirements as set out by the Tax Practitioners Board (TPB).Readmore