Sarah Abood
The FAAA welcomes the important amendments to adviser qualifications passed by Parliament this week, in its last sitting week for 2025.
The changes ensure that existing advisers who have relied on the alternative qualifications pathway, such as the eight-subject credit-reduced option, will be recognised.
The updates do not affect advisers with an approved degree or those using the Experienced Adviser Pathway.
FAAA CEO Sarah Abood welcomed the progress, commenting:
“Among the number of financial advice reforms being progressed in Parliament, I am particularly relieved that the technical wording issues in the Corporations Act around qualification requirements for existing providers have now been fixed. This ensures continuity for advisers who have followed the alternative pathway in good faith,” Ms Abood said.