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The outgoing ethics and education authority reports 52 per cent of advisers on ASIC's registry have officially passed the adviser exam, leaving about half with less than 12 months to become qualified.
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
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.