FA Exam is an online test taken on your own computer in a suitable location with internet access. This process is known as remote proctoring.
There are 4 test windows per year.
Test takers should ensure they meet the minimum technical requirements for sitting via remote proctoring.
To register for FA Exam, create a new ACER account if this is your first sitting, or log into your existing account if you already have one. Once you've completed the necessary personal details, select the test cycle and complete your payment through the ASIC payment portal to confirm your registration.
The fee to sit FA Exam is $1500 per sitting, paid to ASIC at the time of your registration.
FA Exam is a computer-based assessment of at least 70 multiple-choice questions split equally across three domains of knowledge and skills. The exam allows you to demonstrate professional reasoning and the application of that knowledge to retail client financial advice scenarios.
View upcoming registration, payment, test and result release dates. All dates beyond the current cycle are indicative only.
The financial advice regulatory and legal obligations knowledge area includes key regulatory and legal requirements that all financial advisers would be expected to use on a day-to-day basis when providing personal advice to retail clients, and of which they must have a good understanding.
At a high level, the regulatory and legal requirements include:
The learning outcomes include the following:
Applied ethical and professional reasoning and communication is critical in restoring the trust and confidence of consumers in the financial advice profession. This knowledge area will test, at a high level, the Code of Ethics and ethical frameworks in practical client advice scenarios and dilemmas.
The learning outcomes include the following:
Financial advice construction is critical in the applied practice of personal advice to retail clients and brings all knowledge areas together. This knowledge area will test, at a high level, the suitability of advice for different consumer groups and behavioural finance concepts.
The learning outcomes include the following:
