SMSF Association submission on proposed foreign qualifications standard

The SMSF Association welcomes the opportunity to make a submission on the Financial Adviser Standards and Ethics Authority’s (FASEA) proposed foreign qualifications standard. It is important that qualifications obtained overseas include the FASEA competencies and for individuals to have an understanding of Australian regulatory and legal obligations, particularly when the Australian framework is complex and specific.

We note that effective consultation on the proposed foreign qualification standard is difficult without finalisation of the FASEA education standards.