Responses to questions on notice from the Senate economics committee reveal FASEA’s rationale for the policy, which has caused industry concern with advisers who fail the exam locked out of some subsequent sessions.
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FASEA defends three-month exam lockout
The standards authority has defended its policy to only allow advisers one sitting of the industry exam per three months, as almost half of existing practitioners are yet to pass with less than a year before the new compliance deadline.
