About FASEA’s CPD requirements
FASEA outlined its CPD requirements in Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018 (as amended from time to time).
This Legislative Instrument was informed through consultation with stakeholders in July and August 2018 and through 24 formal submissions during FASEA’s consultation process in November 2018.
Advisers are required to complete 40 hours of CPD each year, of which 70% will need to be approved by the licensee (including a maximum 4 hours of professional reading). Part timers with licensees’ prior written consent are entitled to a 10% reduction to 36 hours.
The minimum hours for CPD categories are:
|FASEA category||Minimum hours|
|Technical competence||5 hours|
|Client care and practice||5 hours|
|Regulatory compliance and consumer protection||5 hours|
|Professionalism and ethics||9 hours|
|The balance up to 40 hours will consist of qualifying CPD, e.g. technical competence or industry specialisation|
Our CPD - cpdevolve provides financial participants and organisations with the complete online solution to satisfy requirements.
- an annual training plan
- a dynamic library of engaging and informative CPD topics
- A dashboard that tracks an adviser’s progress and training hours for each CPD category + tax points.
- Ability to upload and record all external CPD training such as face-to-face workshops, internal training programs, webinars and conferences.