The experience pathway for financial advisersBY SARAH CONTE | WEDNESDAY, 8 NOV 2023 9:19AMThose who meet the defined circumstances outlined in these new transitional arrangements for experienced providers, will be taken to have met the education and training standards. In this article, we explore the requirements needed to utilise this pathway. The passage and Royal Assent of the Treasury Laws Amendment (2023 Measures No.3) Act 2023 cements the experience pathway as an alternative way for experienced advisers to meet the education and training standards. To rely on this pathway, there are several components that need to be met. Experienced adviser The first component is to be deemed an 'experienced provider'. A person will be considered an experienced provider if:
The second component aligns the experience pathway to the existing requirements under the transitional provisions in relation to the financial adviser exam for existing providers. An experienced provider will need to meet the exam standard outlined in Section 921 B(3) of the Corporations Act. If an existing provider fails to meet this requirement, they will cease to be an existing provider and will be unable to use the experience pathway. Get articles like this delivered to your email - Sign up for the free weekly newsletter ![]() More Articles |
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