AST GVT Adviser Qualification Standards

Published on: Apr 1, 2025

On Mar. 27, AST GVT issued rules to amend advisers' qualifications.

  • AST GVT registered the Corporations (relevant providers degrees qualifications and courses standard) amendment (2025 measures no. 1) determination 2025.
  • It amends the Corporations (relevant providers degrees qualifications and courses standard) determination 2021; AST GVT published explanatory statement re the same.
  • Follows AST GVT Jul. 2022 updated financial adviser qualifications rules, see #143771.
  • Amendments
  • Adds a new definition for non-relevant degree, clarifies that a graduate certificate is not considered to be a non-relevant degree; existing advisers shall complete required units of study to achieve qualifications equivalent to education and training standard.
  • Inserts four new approved qualifications, including BP351 Bachelor of Accounting offered by the Royal Melbourne Institute of Technology (RMIT), and three bachelor degrees offered by Southern Cross University including Bachelor of Business, Arts, IT.
  • Adds new unit offered by Queensland University of Technology (QUT) that will replace a unit required for Bachelor of Business (financial planning) 9 unit specialization.
  • Plus, new unit names and codes as alternatives to previously listed names and codes.
  • 2 bridging courses in schedule 2 that were offered by QUT will no longer be available for new enrollments after first semester 2025 and second semester 2026 respectively.
  • Effectiveness
  • The determination commences on Mar. 28, 2025.
Regulators
AST GVT
Entity Types
Corp; IA
Reference
Info, RF F2025L00446, 3/27/2025; Citation: Corporations (relevant providers degrees qualifications and courses standard) determination 2021; Corporations (relevant providers degrees qualifications and courses standard) amendment (2025 measures no. 1) determination 2025;
Functions
Compliance; Financial; HR; Legal; Training
Countries
Australia
Category
Central Government
State
N/A
Products
Corporate; Education; Fund Mgt
Rule Type
Final
Regions
AP
Rule Date
Mar 27, 2025
Effective Date
Mar 28, 2025
Rule ID
248632
Linked to
Reg. Last Update
Mar 27, 2025
Report Section
International