CA ANZ do not believe the proposed window for determining 10 years’ experience is an adequate timeframe.

CA ANZ believe that any recognition via an ‘experienced adviser pathway’ should include a significant number of years of experience (20+), so that practitioners qualifying via this pathway have seen the changes as and when they have occurred, thus making up for their ‘lack’ of ‘related fields of study’ at tertiary level. We also believe the relevant experience should be benchmarked against certain competencies.

It is our understanding that the government does not intend to implement the concept of ‘core’ and ‘elective’ subjects as outlined in the 2022 Treasury consultation paper. We consider this to be a missed opportunity to allow some much-needed flexibility. CA ANZ undertakes a rigorous process to ascertain the academic criteria by which entrants can enrol into the Chartered Accountant program having completed an accredited appropriate course at AQF 7 which matches, subject by subject, the CA ANZ entry requirements. The CA qualification is a post graduate course at AQF 8 level. In the same vein any new entrant to financial advice should have to satisfy suitably stringent criteria at AQF 7 level at a subject-by-subject level.