SMSF Association Submission
The SMSF Association welcomes the opportunity to provide this submission in response to the Government’s proposed exposure draft amendments regarding the financial adviser examinations. We welcome the proposed amendments and efficiencies they will deliver.
The proposed amendments to Principle 2 and 5 of the current determination are welcomed. The proposed changes to the exam questions so that they only comprise multiple choice questions, will reduce exam administration costs and improve response times for exam candidates to receive their results. Our own experience with the conversion of written question exams to multiple choice exams, shows these efficiencies can be achieved without compromising exam standards or lowering the bar in terms of testing relevant knowledge and skills.
Read the full submission below.